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Flex Ltd. (FLEX) Acquires JetCool Technologies to Enhance Data Center Solutions for AI Growth

We recently compiled a list of the 15 AI News Updates You Might Have Missed. In this article, we are going to take a look at where Flex Ltd. (NASDAQ:FLEX) stands against the other AI stocks you might have recently missed.

Artificial intelligence has been making headlines even at political summits. For example, news agency Xinhua recently reported that Chinese President Xi Jinping attended the Group of 20 Summit in Rio de Janeiro recently, warning that artificial intelligence should not be a game of rich countries and the wealthy. The Chinese president also called for more international governance and cooperation on AI. During another appearance, Xi also referred to increasing tariffs on Chinese goods, terming it protectionism in the name of green and low-carbon development. Xi said the world economy should be characterized by openness.

Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.

Meanwhile, OpenAI CEO Sam Altman has joined the transition team of San Francisco Mayor-elect Daniel Lurie following the US election. Per news agency Reuters, Altman joins a growing list of tech executives taking a position in government and said on the occasion that he is excited to help the city where the AI startup started its journey. Bilal Mahmood, who is on the city’s board of supervisors, said that former business executives are experts in prioritization and metrics-driven governance, which can help the city return to the basics. He added that San Francisco’s problems stem from its inefficient technical infrastructure, leading to delays in hiring and housing approvals, areas where tech executives are well-positioned to contribute.

Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.

For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

An engineer with a pen and paper designing a switchgear circuit diagram.

Flex Ltd. (NASDAQ:FLEX)

Market Capitalization: $14 Billion 

Flex Ltd. (NASDAQ:FLEX) offers manufacturing solutions across Asia, the Americas, and Europe. 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 who are building their AI profiles. The company recently announced that it had purchased JetCool Technologies, a liquid cooling company for data centers. The acquisition bolsters Flex’s data center and power portfolio to help hyperscale and enterprise customers solve growing power, heat, and scale challenges in the era of AI.

Overall FLEX ranks 13th on our list of the AI stocks you might have recently missed. While we acknowledge the potential of FLEX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FLEX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure: None. This article is originally published at Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

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Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…