Jabil beats Q1 estimates, cites data infrastructure demand

Wed, Dec 18, 2024, 10:50 AM

Circuit board designer Jabil (JBL) is seeing a stock boost after reporting earnings on Wednesday, noting strong demand for data center infrastructure. A supplier for Apple (AAPL), the company surpassed its fiscal first quarter revenue and profit expectations with shares jumping by over 8.5% this morning. The Florida-based company also reported growth in its artificial intelligence technologies and demand for AI infrastructure.

In the video above, Yahoo Finance hosts Brad Smith and Madison Mills give more insight on Jabil's latest earnings print and AI demand.

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This post was written by Josh Lynch.