1 Unstoppable Artificial Intelligence (AI) Growth Stock to Buy Before It Is Too Late
Jabil (NYSE: JBL) may not be a household name for investors looking to capitalize on the rapid adoption of artificial intelligence (AI), but a closer look at the company's recent results will make it clear that it is benefiting big-time from this technology.Jabil is a contract electronics manufacturer that serves multiple industries, ranging from automotive to semiconductor equipment to networking to data centers. The company is now witnessing a nice acceleration in growth thanks to the fast-growing deployment of AI data center hardware, which is leading to an increase in demand for the company's cloud data center-focused offerings such as rack integration services.This explains why Jabil delivered solid quarterly results recently and also raised its full-year guidance. Let's take a closer look at the company's numbers and see why it would be a good idea to buy this stock right now.Continue reading
Jabil (NYSE: JBL) may not be a household name for investors looking to capitalize on the rapid adoption of artificial intelligence (AI), but a closer look at the company's recent results will make it clear that it is benefiting big-time from this technology.
Jabil is a contract electronics manufacturer that serves multiple industries, ranging from automotive to semiconductor equipment to networking to data centers. The company is now witnessing a nice acceleration in growth thanks to the fast-growing deployment of AI data center hardware, which is leading to an increase in demand for the company's cloud data center-focused offerings such as rack integration services.
This explains why Jabil delivered solid quarterly results recently and also raised its full-year guidance. Let's take a closer look at the company's numbers and see why it would be a good idea to buy this stock right now.
