Jabil Stock Faces Its Worst Day in Over a Year. A Blistering AI Demand Outlook Isn’t Enough.

Jabil stock dropped Wednesday after the contract manufacturer announced stronger-than-expected guidance for its current fiscal-year year driven by booming demand for artificial intelligence and data-center infrastructure. The company expects adjusted earnings of $17.55 a share on revenue of $44.5 billion. Analysts polled by FactSet project adjusted earnings of $16.87 a share on revenue of $42.8 billion.