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Stock impact report

How to Invest in Canadian AI Stocks for Long-Term Gains [Yahoo! Finance Canada]

Celestica, Inc. (CLS) 
Last celestica, inc. earnings: 4/29 07:00 am Check Earnings Report
Everyone is talking about the artificial intelligence (AI) bubble, with some fearing it and some embracing it. Bubble or no bubble, AI is going to alter the way we live in the next 15 years, as the internet did. Many investors are using the 2000 dot.com bubble to map the immediate risk of a crash. But if we look at the evolution of the internet, it has created trillion-dollar companies. And these are not those who provided the hardware for the internet, but those who tapped its power to offer conventional services globally. AI also presents a similar long-term growth opportunity. AI stocks for medium-term gains When it comes to AI, the first Canadian stock that comes to mind is Celestica TSX:CLS ), which manufactures Ethernet switches for Broadcom and servers for data centres. Celestica's stock has rallied 2,400% since June 2023 and could continue to rally as the Ethernet switch market is expected to grow at a compounded annual growth rate (CAGR) of 30% by 2029. Celestcia is ta Show less Read more
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