Jabil

Electronics firm Jabil raises annual forecasts on data center demand

Electronic component maker Jabil raised its full-year profit and revenue forecasts on Wednesday, ‌betting on strong demand for infrastructure services from ‌AI data centers. Shares of the St. Petersburg, Florida-based company were up 1.1% ​in premarket trading, after it surpassed Wall Street expectations for second-quarter results. A surge in spending for data-center infrastructure, driven by robust demand for computing power to support AI ‌technologies, has benefited ⁠companies such as Jabil.