Jabil Could Benefit From the US AI Deals With Saudi Arabia. Contract Manufacturing for Data Center Equipment Should Continue to Boom!

Our Jabil (JBL) , which we have in the US model portfolio, is approaching its 52-week high with strong momentum. With Trump’s swift retreat on tariffs, the US is likely to avoid a recession. This is fundamentally positive for the contract manufacturer. The new deals with Saudi Arabia underpin the demand for AI systems. Jabil is helping to build AI servers, advanced networking equipment, storage and testing devices, as well as the realization of racks. Since more AI data centers are to be established in the US, among others through Datavolt,...