Zacks Investment Research compares Celestica and Arista Networks as AI infrastructure plays, concluding Celestica offers the better growth opportunity. The AI infrastructure market is projected to grow from $72.2 billion in 2025 to $518.26 billion by 2035, a 21.82% CAGR, according to Precedence Research. Celestica's Communications revenues grew 62% in the second quarter on 800G switch demand, while Enterprise revenues jumped 167% on an AI/ML compute program ramp. The company expects mass production of 1.6T programs with two hyperscalers to begin in the third quarter of 2026, and management says OpenAI and AMD collaborations can bring multi-billion-dollar opportunities in 2027. Celestica trades at 22.88 forward earnings versus 49.98 for Arista, and both stocks carry a Zacks Rank #1 Strong Buy.
