Celestica Inc. is trading 4.6% down at $405.87, extending a sharp two-day pullback from recent AI-fueled highs amid cooling sector sentiment.
- The decline follows broader weakness in the semiconductor and tech hardware space after Broadcom’s guidance impacted demand expectations for AI-related infrastructure.
- The stock is moving in step with a wider tech selloff and a lower Nasdaq, driven by profit-taking rather than new company-specific news.