12 Best AI Data Center Stocks to Buy Right Now

9. Celestica Inc. (NYSE:CLS)

Number of Hedge Fund Holders: 71 

Celestica Inc. (NYSE:CLS) is becoming famous for being not just a simple hardware manufacturer, but a critical design and engineering partner for the world’s largest AI clusters. The most recent driver for investor interest in the stock is the deepening role of the firm in rack-scale AI platforms.In March 2026, Celestica was confirmed as a primary collaborator for AMD’s Helios rack-scale platform. This positions the firm to handle the complex engineering and manufacturing of networking components for the next generation of AI infrastructure. Elite investors are also tracking the massive capex pull-forward from Google and Meta. As these titans accelerate their 2027 infrastructure spending into 2026, Celestica is seeing an immediate boost in its Connectivity & Cloud Solutions (CCS) segment.

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Celestica Inc. (NYSE:CLS) is also emerging as the primary beneficiary of the networking bottleneck. The company is currently transitioning from 800G to 1.6T networking programs. These high-speed switches and routers carry significantly higher margins than legacy hardware. Analysts at JP Morgan and CIBC recently raised their price targets on the stock, citing that Celestica is capturing market share from traditional OEMs by working directly with hyperscalers to design custom, proprietary hardware. The earnings consistency of the firm should also be lauded. Celestica has beaten EPS consensus estimates by an average of 10% since 2022. For the upcoming Q1 2026 report, analysts are projecting for another beat and raise driven by new manufacturing capacity in Texas and Thailand.