Celestica Inc. is trading 10.1% down at $382.56 following a sector-wide pullback in AI hardware and semiconductor-linked stocks triggered by Broadcom’s latest outlook.
- The decline extends a multi-day reversal from late-May highs, as sentiment shifts regarding high-valuation AI infrastructure names.
- Broader tech and growth shares are facing additional pressure from higher-for-longer interest rate expectations and general NASDAQ weakness.