Celestica is trading 4.9% down today at $318.27 as investors reassess valuations and give back a portion of the stock's recent AI-driven gains.
- The move aligns with broader pressure on technology stocks following Alphabet and Tesla earnings, which triggered concerns over heavy AI-related capital spending.
- Market participants are questioning the sustainability of current AI infrastructure investment and the high multiples assigned to tech names.
- Weaker-than-expected free cash flow across the sector has sparked a shift in sentiment regarding the immediate profitability of AI infrastructure.