TCW Links Jabil’s Quarterly Rally to Data Center Demand

Jabil shares climbed 45.2% during the second quarter of 2026 as demand for equipment used in AI data centers strengthened, according to TCW Relative Value Mid Cap Fund. The fund also pointed to improving conditions in automotive and industrial markets as a tailwind.

In its Q2 investor letter, TCW named Jabil among the portfolio’s best-performing stocks. The fund said its stock selection contributed positively to results and described Jabil as a provider of infrastructure equipment used in data centers.

Jabil provides engineering, manufacturing and supply-chain solutions. The stock closed at $286.86 on Sept. 30, giving the company a market capitalization of $30.06 billion. As of 14:34 UTC on Oct. 1, shares traded at $293.36, up 2.27% from the previous close.

TCW said elevated valuations and limited room for error leave markets sensitive to policy and earnings. It said AI, digital infrastructure and energy transition themes remained supportive, while the fund favored resilient, cash-generative businesses.