AI Server Beneficiaries Lose 3 Trillion Won in Market Value in One Day

Celestica Inc. (CLS) shares plunged 7.21% on the New York Stock Exchange on the 12th, closing at $274.79 and erasing roughly $2.1 billion in market value (about KRW 2.9 trillion). Volume spiked to 1.95 million shares—well above normal—leaving the company’s market capitalization at approximately $31.6 billion (around KRW 43 trillion) after the drop.

The company cited surging demand for AI infrastructure to justify raising its 2026 revenue target to $17 billion and its adjusted EPS goal to $8.75. It also reconfirmed plans for $1 billion in capital expenditures, bolstering its growth story while stoking valuation concerns.

Positive Wall Street sentiment—led by Bank of America’s buy rating and $400 price target—has been partly offset by profit-taking from certain institutional investors and insiders, resulting in increased share-price volatility.

Headquartered in Toronto, Canada, Celestica is an electronics manufacturing services provider that designs and builds AI servers and high-speed networking equipment for global hyperscale clients such as Google, making it a standout beneficiary of AI data-center investment.