Nvidia stock has experienced a phenomenal 222% growth over the past year, nearing an impressive US$1,000 per share. However, for those who might have missed the boat on this stock, there is still plenty of growth potential to explore.
One company that investors should consider looking into is Celestica, which has shown a remarkable 339% increase in its stock value in the last year alone. While Celestica operates in the broader technology sector, its primary focus lies in offering electronic manufacturing services and supply chain solutions, rather than semiconductor chip production like Nvidia.
As the demand for semiconductors continues to rise, thanks in part to companies like Nvidia driving this growth, Celestica stands to benefit from increased orders for electronic components and manufacturing services. This close association with Nvidia has propelled Celestica’s stock to impressive heights, making it a noteworthy alternative for investors seeking profitable opportunities within the technology industry.
With Celestica trading at just $65 per share, compared to Nvidia’s nearly US$1,000 price tag, it presents a more accessible investment option with significant growth potential. Investors looking for a winning stock poised for further growth should definitely consider adding Celestica to their portfolio.
