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Barchart
Barchart
Anushka Dutta

Up 37% in the Past 6 Months, Is There Upside Left in This Hot Networking Stock?

Celestica AMD

Electronic component designer Celestica (CLS) is currently cashing in on the artificial intelligence (AI) boom by supplying tech giants with Ethernet switches and other equipment. The spending spree has turned the tide for Celestica, making it the top supplier of 800 Gbps Ethernet switches to leading hyperscale tech giants.

The company also has a longstanding partnership with chip giant Advanced Micro Devices (AMD), which has positioned it as a beneficiary of AMD’s multi-year collaboration with Meta Platforms (META) , whereby the social media giant is set to spend “double-digit billions” per gigawatt on AMD chips and equipment. 

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