Celestica (CLS) is moving higher as traders lean into its expanding role in AI infrastructure following its March 16, 2026 announcement of a strategic collaboration with AMD on the “Helios” rack-scale AI platform. Under the collaboration, Celestica is set to contribute engineering, design, and manufacturing for key networking components used in the Helios architecture, strengthening the company’s positioning in high-value cloud and AI data-center programs. (corporate.celestica.com)

The Helios collaboration reinforces Celestica’s momentum in Communications & Cloud Solutions, where AI compute and networking demand has been a major growth driver. By being tied to a rack-scale platform initiative—where networking, integration, and manufacturability matter as much as silicon—investors see a pathway for Celestica to win incremental content per AI deployment rather than competing only on lower-margin assembly work. (corporate.celestica.com)

Celestica has already been projecting a sharp step-up in 2026 performance, with guidance recently pointing to about $17 billion in revenue and $8.75 in adjusted EPS, alongside plans for roughly $1 billion of capex aimed at supporting capacity expansion. Today’s move appears to reflect renewed confidence that big AI platform efforts can help sustain that outlook, even as near-term spending rises. (tipranks.com)