CLS 上季度营收增长 62%，全年预计增长 65%；该股今年持平，较 6 月高点下跌逾 30%，预期市盈率约 18 倍。看起来更便宜，但近三分之二的营收来自三个客户，增加了风险；若价格下跌，CLS 将继续承受后果。
逐段跳播
那么，这些钱都流向了哪里？其中很大一部分流向了 Celestica（股票代码为 CLS）这样的公司。Celestica 生产 AI 数据中心内的服务器机架和网络设备，是 Google 数据中心硬件（包括其 TPU 系统）的首选制造合作伙伴。
So, where does all that money go? A large portion of it goes to companies like Celestica (its stock symbol is CLS). Celestica manufactures server racks and networking equipment within AI data centers and is a preferred manufacturing partner for Google's data center hardware, including its TPU systems .
Celestica 也在帮助 OpenAI 和 Broadcom 为 HAL V. Benio 搭建服务器机架。
Celestica is also helping OpenAI and Broadcom build server racks for HAL V. Benio.
上个季度，Celestica 的营收增长了62%，公司预计全年增长65%。然而，该股股价全年基本持平，较6月高点下跌超过30%，目前市盈率约为预期盈利的18倍。
In the last quarter, Celestica's revenue grew by 62%, and the company expects 65% growth for the full year. However, the stock price has remained flat throughout the year, down more than 30% from its June high, and trading at about 18 times expected earnings.
Chat 基金也包含 Celestica、Vertiv、TSMC、ASML、Coherent、Micron、SK Hynix 和 Broadcom，是持有整个 AI 供应链的绝佳方式。
The Chat fund also includes Celestica, Vertiv, TSMC, ASML, Coherent, Micron, SK Hynix and Broadcom, making it an excellent way to own the entire AI supply chain.
Chat 基金配置30%，因为它是唯一一只包含 AI 数据中心基础设施公司的基金，例如 Google、Celestica 和 Vertiv。
The Chat fund allocates 30% because it is the only fund that includes AI data center infrastructure companies , such as Google, Celestica and Vertiv.
另外四只股票——Google、Coherent、Vertiv 和 Celestica——各自占整个投资组合不到2%，所以如果我愿意，可以随着时间推移增加这些投资。
The other four stocks, Google, Coherent, Vertiv and Celestica, each represent less than 2% of the total portfolio, so I can increase these investments over time if I wish.
Celestica 的股价按18倍市盈率看更便宜，但其近三分之二的营收仅来自三个客户。因此存在额外风险，我认为如果股价继续下跌，它将继续承受后果。
Celestica shares look cheaper at 18 times, but nearly two-thirds of its revenue comes from just three customers. Therefore, there is an added risk, and I believe it will continue to bear the consequences if prices continue to fall.