35 AI Superstars According to Goldman Sachs

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29. Flex Ltd. (NASDAQ:FLEX)

Number of Hedge Fund Holders: 46

Flex Ltd. (NASDAQ:FLEX) offers manufacturing solutions across Asia, the Americas, and Europe, and is making significant strides in the AI sector. The company plays a critical role in the AI ecosystem, meeting up to 80% of data center requirements for large-scale and hyperscale customers as they build out their AI infrastructures. It is also one of the few globally recognized AI-focused industrial stocks, with significant exposure to the automotive industry. This AI expertise drives revenue, with data center and power-related segments contributing over 25% of total earnings. A key advantage for the firm lies in its power pods for data centers, which boast lower construction costs and faster deployment times, allowing its clients to scale more rapidly than 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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