🔴 Celestica is trading 4.06% down in pre-market as investors question AI investment returns

Celestica is trading $292.25, down 4.06% in pre-market, as technology stocks sell off amid concerns about the costs and returns of AI investment.

• No clear company-specific catalyst surfaced; Celestica’s scheduled Q3 results are October 26, not October 22.
• Reuters reported Asian technology shares led declines amid AI-spending worries; Bloomberg cited mixed megacap results and weaker Lam Research guidance.
• Renewed Middle East tensions and higher oil prices also pressured broad risk-off sentiment.