Reported about 7 hours ago
Electronics component maker Jabil has raised its annual profit and revenue forecasts, citing strong demand for data center infrastructure driven by the adoption of artificial intelligence technologies. Following the announcement, Jabil's shares rose nearly 5% in premarket trading, as the company reported better-than-expected third-quarter results. CEO Mike Dastoor highlighted the intelligent infrastructure segment as a key growth driver, and the company plans to invest $500 million in the US to support cloud and AI data center infrastructure.
Source: YAHOO