Electronic components maker Jabil beats estimates as demand recovers

Electronic components maker Jabil Inc on Thursday posted better-than-expected quarterly results, indicating recovery in demand in its 5G, AI datacenter markets after a sluggish period.

Jabil has benefited from the surge in artificial intelligence technologies, with companies scrambling to invest in AI infrastructure.

The company reiterated its outlook for the full year. Earlier this year, Jabil had divested its mobility business and faced challenges in multiple end-markets.