BofA raised the firm’s price target on Celestica (CLS) to $430 from $400 and keeps a Buy rating on the shares. Celestica is undertaking the R&D, design and manufacturing of the scale-up networking switches in the AMD (AMD) “Helios” AI architecture, notes the analyst. BofA views this as a multi-billon dollar total addressable market, which opens up the opportunity for Celestica to work with hyperscalers whom it does not work with today, the analyst tells investors.
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