33 Most Important AI Companies You Should Pay Attention To

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21. Flex Ltd. (NASDAQ:FLEX)

Number of Hedge Fund Holders: 44

YTD Return as of August 1: 44%

Flex Ltd. (NASDAQ:FLEX) offers manufacturing solutions across Asia, the Americas, and Europe, and is making significant strides in the AI sector. The firm is important to the AI world since it can provide up to 80% coverage of data center needs for large and hyperscale customers that are building their AI profiles. The company is also one of the few AI-focused industrial stocks with global reach and exposure to the automotive industry. This AI power translates into earnings, as data center and power-related revenues account for over 25% of the total revenue for the firm. A key competitive edge for the company lies in the power pods it makes for data centers, which have lower build costs and shorter lead times, enabling Flex customers to scale more quickly than their competitors.

In the first quarter earnings call, Revathi Advaithi, the CEO of Flex Ltd. (NASDAQ:FLEX), remarked that there was strong demand for cloud solutions in the CEC business of the firm as AI helped drive a transition in data center development and working. She also added that this was helping the demand for power products made by the company.

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