Everything MoneyPublished 2026-09-17
“Every Stock Nvidia Needs to Keep the Ai Boom Going”
$CLSNo side taken
CLS has strong AI segment growth (84%) but faces risks from customer concentration and low margins in hardware manufacturing.
Second, the hardware. Celestica, ticker CLS. The tech giants design their own custom AI chips, but they don't actually build the server boxes that those chips go into. Celesteica does that for them.
It's deeply plugged into the biggest spenders, including Google, and its main AI segment just grew a staggering 84%. The risk, it leans heavily on just a few giant customers, so losing even one of them and it's going to hurt badly.
Plus, building hardware is a thin profit business.