Movement Alert｜Celestica Rises 3.58% in Regular Trading, AI Server Business Expansion and Raised Guidance Fuel Rally to Record Highs

Market Focus06-02 21:39

On June 2, Celestica rose 3.58% in regular trading, trading at $462.29/share, with trading volume of $322 million. The stock is poised to set a new all-time high after accumulating over 21% gains in recent sessions.

On the news front, multiple catalysts are driving the rally. Celestica recently raised its full-year revenue guidance to $19 billion and announced a 1.6T Ethernet CPO switch order, significantly boosting market sentiment. Additionally, the company is upgrading its Google TPU server business from a pure electronics manufacturing services (EMS) model to a higher-value joint design manufacturing (JDM) model, incorporating proprietary thermal and power design technologies. The company is also actively pursuing Amazon Web Services server projects as a second supplier, aiming to participate in annual quota bidding.

Institutions broadly view that despite near-term supply challenges, clear AI market demand combined with CPO switch and ASIC server projects will provide sustained growth momentum. The Electronic Manufacturing Services sector showed broad strength, with Fabrinet up 8.1%, Flex up 6.07%, TTM Technologies up 4.13%, Sanmina up 3.96%, and Jabil up 2.5%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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