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Home/News Feed/Celestica poised to benefit from Alphabet's $85B AI chip investment as key manufacturing partner.
CLS
$329.61
-$5.16 -1.54%

Celestica poised to benefit from Alphabet's $85B AI chip investment as key manufacturing partner.

Analyst Insights
25 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Celestica is set to gain from Alphabet's $85 billion capital raise aimed at funding AI-related capital expenditures, as it is a key manufacturer of Google's tensor processing units (TPUs). Its strategic role in the Jalapeño project, involving next-generation AI accelerator chips designed by OpenAI and Broadcom, positions Celestica for multi-year growth through 2029. This trend toward insourced custom silicon development supports both revenue growth and margin expansion for Celestica. While its stock has been flat recently, technical analysis shows a strong long-term uptrend, indicating potential for gains as the AI hardware cycle matures.

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Celestica's revenue growth and EPS revisions signal strong earnings ahead of July 28 report

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Bullish
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