Top 10 AI Stocks on the Move and on Analysts’ Radar

4. Flex Ltd. (NASDAQ:FLEX)

Number of Hedge Fund Holders: 52

Flex Ltd. (NASDAQ:FLEX) is an electronic components company that provides manufacturing solutions to various brands. It also offers design, engineering and manufacturing services for artificial intelligence hardware. In the data center space, it specializes in creating and assembling high-performance computing components. On February 20, the company expanded its manufacturing operations with the opening of a new 400,000-square-foot facility in Dallas.

The new facility is tailored to enhance the company’s production capabilities for power infrastructure solutions. The facility’s primary focus will be on low-voltage switchgear, power distribution units, and power pod fabrication and assembly. The decision to enhance production capacity is in response to the growing need for dependable and effective power infrastructure brought on by the broad use of artificial intelligence (AI).

Expansion of production capacity comes at a critical moment when demands for AI infrastructure are driving up data center power requirements to unheard-of levels. The market for specialized power solutions is expanding at an exponential rate as businesses and major cloud providers compete to implement AI capabilities.

Chris Butler, President of Embedded and Critical Power at Flex, said, “As AI adoption accelerates, the need for reliable, efficient, and scalable power infrastructure grows. Our new Dallas facility positions us to deliver next-generation power infrastructure solutions that help customers maximize computing performance while reducing deployment times. We are committed to tackling the complex power challenges of AI-enabled data centers.”