Jabil’s Fall: Market Reality Bites Through AI Hype

Jabil (JBL) lost altitude Thursday, diving 9.7% by mid-morning before settling at a 6.7% deficit. The electronics manufacturer delivered quarterly results surpassing Wall Street forecasts and issued optimistic guidance. Yet shareholders responded like startled pigeons.

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When numbers dance but wallets stay closed

Jabil exceeded expectations handsomely and dedicated significant time to its AI-driven efficiency upgrades, projecting 25% growth in AI-related revenue. The earnings call might have qualified as a tech rally speech. Yet the market’s response resembled a shrug.

This contradiction requires no decoder ring. Jabil arrived at this moment inflated-up 99.6% year-over-year, trading at 43.7 times earnings. Exceptional results became expected, and expectations had priced in miracles.

Beneath the AI spotlight, other divisions faltered. Automotive sales dipped 5%, healthcare crawled upward 4%, and “connected living” plunged 27%. These figures expose a company betting heavily on one roulette number.

The projected 25% AI growth, while notable, follows 2025’s 80% leap. The law of large numbers waits for no disruptor. The rocket fuel is evaporating.

Expensive lessons in arithmetic

Bears found ammunition, but context remains essential. After Thursday’s correction, Jabil still towers 86% above its 52-week starting line. The stock trades at 41 times earnings-a premium for a manufacturer dabbling in AI, not mastering it.

This is not a fire sale. It’s a recalibration. Markets occasionally remember that circuit boards and algorithms don’t grow on trees. 📉

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2025-09-26 00:19