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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Investments by tech giants in AI infrastructure are accelerating, creating new opportunities for contract manufacturers. In this context, reports indicate that Flex (FLEX) has secured multiyear contracts from hyperscale cloud providers for AI and data center infrastructure. The company expects strong revenue growth in its Cloud & Power Infrastructure (CPI) segment through fiscal 2029, driven by these deals.
The announcement comes amid rising demand for computing power to support AI applications. According to market data, Flex (FLEX) closed at $162.07 on June 30, 2026, trading within a range of $157.74 to $165.82 during that period. Flex competes with peers such as Jabil and Sanmina in the contract manufacturing space for AI infrastructure.
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Sign InTechnically, the stock is trading near its recent high of $165.82, which may act as a key resistance level. Markets will likely focus on Flex's upcoming earnings reports and any updates on deal execution with hyperscaler clients. Broader factors such as US inflation data and Fed policy decisions could also influence sector sentiment.