This year 89% an increase of 89%, it is time to buy (and to sell them higher later) on these Canadian technical shares

I may not be a big momentum hunter, but when a Canadian technical name more than doubles in a year, it must attract your attention. Canada is indeed not so familiar for its high -flying technical shares, especially in comparison with the US, but those who know how to innovate have enjoyed meteorical rises over the years.

Undoubtedly, Shopify (TSX: Shop) is the e-commerce sensation that tends to steal the spotlights. With shares of the store that arises after a strong quarter, the company now recommends a market capitalization of almost $ 250 billion and can make a run for that title of the largest company in Canada. It would indeed be nice if a technical stock was again on top of the TSX index. Anyway, it has not all been smooth sailing for Shopify or the Canadian technical plays in recent years.

Although Shopify is a fantastic name to keep an eye on, because it seems to continue where it had gone for the devastating crash a few years ago (I can’t believe how quickly the company came back to the leg of the implosion), I think Canadian investors should consider what the technical scene has to offer.

Celestica -shares corrects after the blowout year

Enter shares Celestics (TSX: CLS), who have risen by 244% in the past year and from 89% years to date, despite recently correcting just over 13% from his high. The lesser -known provider for electronics Manufacturing Service (EMS) is starting to attract daily retail investors. It is now a $ 29.1 billion company and one that has a remarkable artificial intelligence (AI) in his back. Just like Shopify, Celestica is a name that even American investors have recently discussed.

Simply put, Celestica is a play on the AI ​​infrastructure tree, given that behind the equipment needed to feed the demand for data center. The growth has indeed been exaggerated lately. And although the demand can get even more demand and even higher revenue growth (Celestica seems to have reached a kind of bending point), investors must be careful, since the AI ​​sentiment seems to shift again.

The AI ​​trade is overheated, but does not bet against Celestica

Indeed, the newest MIT study, which indicated that 95% of the AI ​​initiatives generate zero profit can be careful. But the big collection meals, I believe, is that most of such bets have not yet yielded a profit. Of course there are high expectations that AI will have a large payment. And although it is difficult to say when it will arrive, I think that investors should not bet against the continuous AI revolution, only because many companies have chosen to first use use and adjust user cases later.

Who knows? Shifting the gears could produce a large increase in profitability, which could contribute to the life of this bullrun. Anyway, I would see every withdrawal into CLS shares as a shopping option, given the important role to play in the tree, which I consider as a long-term tree that will be met with many corrections, even bear markets, on the road.

Celestica can be overshadowed by Shopify, but it quickly becomes one of the larger and most influential technology companies in Canada. It is worth adding to the radar.