Celestica (CLS) is Benefitting from Investments in AI Infrastructure

2 weeks ago 5

Soumya Eswaran

Thu, Apr 3, 2025, 6:36 AM 2 min read

Renaissance Investment Management, an concern absorption company, released its Q4 2024 “International Small Cap Strategy” capitalist letter. A transcript of the missive tin beryllium downloaded here. In 2024, planetary equities experienced a 2nd consecutive twelvemonth of maturation but underperformed their U.S. counterparts owed to anemic economical growth, governmental turmoil, tariff threats, and a beardown U.S. dollar. The portfolio generated antagonistic returns successful the 4th fourth but outperformed the benchmark. For much accusation connected the fund’s champion picks successful 2024, delight cheque its apical 5 holdings.

In its 4th fourth 2024 capitalist letter, Renaissance International Small Cap Strategy emphasized stocks specified arsenic Celestica Inc. (NYSE:CLS). Celestica Inc. (NYSE:CLS) is simply a proviso concatenation solutions provider. The one-month instrumentality Celestica Inc. (NYSE:CLS) was -6.46%, and its shares gained 58.82% of their worth implicit the past 52 weeks. On April 2, 2025, Celestica Inc. (NYSE:CLS) banal closed astatine $82.35 per stock with a marketplace capitalization of $9.567 billion.

Renaissance International Small Cap Strategy stated the pursuing regarding Celestica Inc. (NYSE:CLS) successful its Q4 2024 capitalist letter:

"The apical contributor to our portfolio show during the 4th was Celestica Inc. (NYSE:CLS) (Canada), arsenic the supplier of physics manufacturing services benefits from ongoing investments successful AI infrastructure and high-bandwidth networking solutions. Celestica is good positioned to capitalize connected emerging opportunities successful next-generation information centers and networking technologies."

Among Stocks Insiders Were Selling In Q1 2025

A close-up of a circuit committee with components depicting the intricate physics componentry products the institution produces.

Celestica Inc. (NYSE:CLS) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 44 hedge money portfolios held Celestica Inc. (NYSE:CLS) astatine the extremity of the 4th fourth which was 40 successful the erstwhile quarter. While we admit the imaginable of Celestica Inc. (NYSE:CLS) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.

We covered Celestica Inc. (NYSE:CLS) successful different article, wherever we shared the database of stocks that outperform the broader market. In addition, delight cheque retired our hedge money capitalist letters Q4 2024 page for much capitalist letters from hedge funds and different starring investors.

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