After a brutal June selloff in many of the market's biggest tech and artificial intelligence (AI) stocks, investors have started looking beyond the usual mega-cap names. With most of Big Tech trading in the red amid profit-taking and valuation concerns, the companies supplying the AI ecosystem have quietly continued to outperform.
One of these names is Jabil (JBL), a manufacturing and AI infrastructure specialist. JBL stock has soared 68% year-to-date (YTD) and 66% in the past six months alone, fueled by explosive demand for AI servers, networking equipment, and data-center infrastructure. The company reported a strong third quarter, and now investors are evaluating whether this under-the-radar AI stock still has room to run.