5 Best Canadian Stocks to Invest In According to Billionaires

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1. Celestica Inc. (NYSE:CLS)

Dollar Value of Billionaire Holdings: $3.11 billion

Number of Billionaire Investors: 27

Celestica Inc. (NYSE:CLS) is one of the best Canadian stocks to invest in according to billionaires. On May 13, Celestica announced plans to establish a major new operational campus in AllianceTexas, located in Fort Worth, Texas. This expansion is designed to scale the company’s manufacturing footprint to meet the surging global demand for next-generation data center infrastructure and advanced technology solutions. The facility will be a central component of the company’s long-term growth strategy within the region.

Once fully operational, the new campus will span over one million square feet of dedicated manufacturing and engineering space. The project is expected to generate ~1,700 full-time, highly skilled positions in areas such as manufacturing, engineering, supply chain management, and quality assurance.

Chief Operations Officer Yann Etienvre stated that the investment aligns with the company’s need to support client roadmaps and multi-year infrastructure projects with US-based capabilities. This Fort Worth expansion serves as a key pillar in Celestica Inc.’s (NYSE:CLS) broader initiative to support its engineering talent and operational capacity for the future of the advanced technology sector.

Celestica Inc. (NYSE:CLS) is a supply chain solutions provider across North America, Asia, and globally. The company operates in the Connectivity & Cloud Solutions and Advanced Technology Solutions segments. It provides a wide range of product manufacturing and related supply chain services, as well as hardware platform solutions and hardware and software design solutions and services.

While we acknowledge the potential of CLS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CLS and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Multibagger Stocks to Buy in 2026 and 10 Best Low Risk Stocks to Buy in 2026.

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