Flex (FLEX) stock has made some big moves this year, witnessing a return of 216% in the last 52 weeks. The most recent news generating interest is the company's upcoming inclusion in the S&P 500 Index ($SPX) later this month. Scheduled for June 22, this impending event holds a great deal of importance, as it implies greater interest from institutional investors.
Of course, this is not the only factor to consider with FLEX stock. On May 5, Flex announced that its cloud and power infrastructure segment will be spun off as a separate entity. The new entity will be focused on “delivering end-to-end power and thermal management technologies.” With AI data centers as a key market, the potential spinoff is likely to unlock significant value.
