Celestica Inc. CLS has plummeted 40% over the past year compared with the industry’s decline of 17.9%. It has also lagged peers like Flex Ltd. FLEX and Jabil Inc. JBL. Flex has gained 9.7%, and Jabil is up 9.1% over this period.

Despite the blip, Celestica remains an attractive investment option, supported by its growing exposure to artificial intelligence (AI) infrastructure, improving profitability and robust long-term growth prospects. Let us delve a little deeper into the tailwinds of the company.

One-Year CLS Stock Price Performance

Image Source: Zacks Investment Research

Portfolio Strength, R&D Focus Propel CLS

Celestia has been benefiting from the…