CLS.TO is trading 4.8% up at $523.35 as broader markets and tech sentiment stabilize following the June 23 global AI and semiconductor rout.
- The move marks a rebound from a sharp decline that followed a multi-month rally of over 250% and investor concerns regarding stretched valuations.
- Investors are selectively buying back high-beta AI beneficiaries like Celestica as the market recovers from the prior risk-off move.