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Celestica stays strong despite selloff linked to Broadcom's weak AI chip outlook

Market News
10 Jun 2026
Seeking Alpha
View Source
Neutral
pluang ai news

Celestica Inc. has faced a recent stock selloff following Broadcom's weaker-than-expected AI semiconductor revenue forecast. Despite this, Celestica remains fundamentally strong, supported by growing demand for Google's TPU hardware and the upcoming launch of AMD's Helios rack-scale system. The company is also expanding its 1.6T switching wins, including CPO Ethernet programs, which highlight its technological strength and promising long-term growth prospects in AI server and networking markets.

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