AI News Investors Should Not Miss

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28. 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 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.

Senior executives from Flex Ltd. (NASDAQ:FLEX) recently took part in the Goldman Sachs 2024 Communacopia + Technology Conference, stating on the occasion that the firm had a firm hold on the end-market momentum in the power and cloud markets, largely due to the data center portfolio.

However, the executives cautioned that there was a general weakening in volume outlooks in the auto sector starting in Q3. However, the executives reaffirmed that given the improving mix and continued strong cost management for multiple quarters now, they did not expect any pressure on profitability or EPS.

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