Celestica Inc. is trading 10.5% up today at $471.25 following a significant stake disclosure by Norges Bank and continued optimism regarding its AI data center exposure.
- Norges Bank disclosed a purchase of over 1.5 million shares, signaling strong institutional confidence in the company's trajectory.
- Investors are reacting to a raised outlook and growth narratives tied to surging demand for AI-related data center infrastructure.
- The move is primarily stock-specific, as broader market indexes remain flat, highlighting the impact of the individual company catalysts.