Celestica Inc. is trading 10.5% down today at $481.83 as the stock undergoes a sharp pullback from its recent AI-fueled surge, driven by technical consolidation rather than company-specific news.
- The move follows a period of volatile gains tied to optimism surrounding AI data-center and networking infrastructure demand.
- The decline aligns with broader technology sector weakness as major indices trade lower on renewed concerns regarding higher-for-longer interest rates.