It might seem like Celestica (TSX:CLS) has experienced a rather significant downturn in its stock price recently. After reaching a 52-week high of $206, the artificial intelligence (AI) stock has since declined by approximately 44% as of writing. That’s a pretty substantial drop from its peak, and it might have some investors feeling a little uneasy.
However, it’s important to remember that the stock market can be quite volatile, and a price decline doesn’t necessarily mean the end of the story for an AI stock. In fact, despite this recent dip, Celestica remains a significant and influential player in two of the most exciting and rapidly growing sectors of the technology industry, namely AI and data centres. These are areas that are seeing massive investment and hold tremendous potential for future growth, which could bode well for Celestica in the long run.
Into the numbers
Let’s delve a little deeper into how the AI…
