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FLEX News14 articles
Flex Set for S&P 500 Debut After Turbulent Week
Flex (FLEX) enters the S&P 500 on Monday after a volatile week, closing at $147.61. The move highlights its AI infrastructure pivot and upcoming cloud power business spin-off.
Flex to Join S&P 500, Spin-Off in Focus
Flex (FLEX) is set to join the S&P 500, with index funds adjusting holdings. The planned AI data-center spin-off remains in focus, subject to regulatory approvals.
Flex Jumps 3% on S&P 500 Inclusion as AI Data Center Focus Boosts Appeal
Flex shares rose 3% to $147.61 as investors positioned for its S&P 500 debut, highlighting its AI data center focus and planned cloud spin-off.
Jabil Boosts 2026 Guidance on Robust AI Data Center Demand, Shares Surge
Jabil lifted its fiscal 2026 outlook, with revenue now seen at $35 billion and adjusted EPS at $12.70, both above consensus. Shares rose 9.8% on the news.
Campbell Soup Edges Higher Despite S&P 500 Removal and Soft Sales
Campbell's (CPB) shares rose slightly premarket after adjusted profit topped expectations, though quarterly sales fell 4% and the stock faces removal from the S&P 500 on June 22.
Marvell Technology Surges on S&P 500 Addition Announcement
Marvell Technology surged 7% premarket after being added to the S&P 500, with shares at $282.50. The move underscores its AI-driven revenue and raised outlooks.
Flex Set to Join S&P 500; Index Rebalancing Adds Complexity
Flex (FLEX) will join the S&P 500 on June 22, replacing Campbell's. The stock fell 4.8% Friday but gained 1.5% after hours. AI data-center focus and planned spinoff add interest.
Flex Gains S&P 500 Entry Amid AI Power Unit Growth, Shares Slide in Tech Rout
Flex (FLEX) is set to join the S&P 500 on June 22, drawing attention to its surging AI data-center power unit and planned spin-off, though shares dropped 4.8% in a tech selloff.
Celestica Shares Slip as AI Hardware Rally Falters
Celestica shares dropped 5% in Toronto as the TSX reopened, mirroring declines in New York, as AI hardware stocks faced a sell-off.
Teradyne Lifts Dividend as AI Test Demand Sustainability Under Scrutiny
Teradyne announced a $0.13 quarterly dividend, payable June 12. Shares rose 1.8% after an 87% Q1 revenue surge to $1.282B, fueled by AI testing demand, but concerns persist about sustainability.
Flex Shares Surge 28% on AI Data Center Spinoff Plan
Flex shares surged 28.4% premarket after announcing the spinoff of its Cloud and Power Infrastructure unit into a standalone company, targeting AI data center growth.
AMD Shares Drop Amid Tech Selloff as Geopolitical Tensions Weigh
Advanced Micro Devices shares declined 4.8% to $189.16 during Tuesday's session, leading a semiconductor sector selloff. The broader market dropped as investors reacted to escalating Middle East tensions and energy price pressures.
Flex Shares Gain Amid AI Data Center Rally, Investor Day in Focus
Flex Ltd. shares advanced as AI and semiconductor stocks rallied. Investors await the company's May 13 Investor Day for updates on its data center power and cooling business growth.
Qatar LNG Halt Strains Global Supply, Spotlight on Venture Global Flexibility
A Qatar LNG production halt is tightening global supply, with Venture Global's flexible spot cargoes drawing attention. Limited spare capacity elsewhere is driving sharp price increases.