JabilNYSE: JBL

Jabil (JBL) reachead $128.29 at the closing of the latest trading day, reflecting a +0.02% change compared to its last close.

JBL has revealed a partnership with Cyferd to create an AI-based system for managing supply chains. This collaboration aims to improve efficiency and effectiveness in supply chain operations.

Jabil (JBL) finished the last trading day at $135.52, which is a decrease of 0.17% compared to the day before.

In the most recent trading session, Jabil (JBL) finished at $127.30, which is a decrease of 0.29% compared to the previous day.

The 2024 OCP Global Summit highlighted a partnership aimed at providing AMD and Intel-based server platforms to improve cloud security. This event took place in San Jose, California, and St. Petersburg, Florida.

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jabil Inc. (NYSE: JBL) has announced the expansion of its server lineup with the introduction of the J421E-S and J422-S servers, which utilize AMD's 5th Generation EPYC™ and Intel® Xeon® 6 processors. These servers are specifically designed for scalability across various cloud data center applications, such as AI, high-performance computing (HPC), fintech, networking, storage, databases, and security, showcasing Jabil's latest advancements in server technology.

The acquisition will enhance JBL's business opportunities in various sectors, such as AI data centers, semiconductors, battery systems, and electric vehicles, among others.

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jabil Inc. (NYSE: JBL), a worldwide leader in design, manufacturing, and supply chain services, has announced that it successfully acquired Mikros Technologies LLC on October 1. Mikros Technologies specializes in engineering and producing liquid cooling solutions for managing heat. The growing use of artificial intelligence, energy storage, and electric vehicles is increasing the demand for high-power density systems in both consumer and commercial sectors.

Jabil's earnings for the fourth quarter exceeded expectations, with revenue surpassing the guidance midpoint by $400 million. The stock rose by 11.7%, although it remains 20% lower than its highest point ever. The company has moved away from its low-margin Apple business, improved its profit margins, and generated over $1 billion in free cash flow for the fiscal year 2024, positioning itself for future growth despite some ongoing challenges.