Celestica’s Strategic Role in AI Infrastructure

Celestica's CEO, Rob Mionis, outlined the company's role in designing and manufacturing infrastructure that supports artificial intelligence during an interview with CNBC. He emphasized that AI technology has transitioned from being a luxury to a necessity.

Celestica recently reported earnings that surpassed expectations and raised its full-year outlook. The company's stock reached a 52-week high, closing over 8% higher. Year-to-date, the stock has surged by 253.68%.

Mionis discussed Celestica's strategic shift from commodity markets to design and manufacturing, which has proven successful. This focus allows the company to execute consistently at scale.

He elaborated on Celestica's work in data centers, highlighting the production of high-speed networking and storage systems for hyperscalers and digital native companies.

Mionis praised the partnership with semiconductor maker Broadcom, noting that Celestica incorporates Broadcom's silicon into many of its designs.