Celestica is trading at CA$468.31, down 9.38%, as its decline coincides with a broader selloff in AI and semiconductor stocks.
- The selloff comes amid concerns about AI infrastructure funding, Chinese competition and elevated valuations.
- Celestica announced a new data-center switch on October 12, but available coverage does not identify the launch as a cause of the decline.
- No clear new company-specific negative catalyst was found; U.S. index moves provided no strong same-direction market explanation.