On June 2, Flex Ltd. rose 4.72% in regular trading, trading at $156.05/share, with trading volume of $93.09 million. The stock gained momentum as the Electronic Manufacturing Services sector staged a broad rally alongside continued optimism surrounding the company's strategic business spinoff.

On the news front, Flex previously announced plans to spin off its high-growth Cloud Computing and Power Infrastructure (CPI) business into an independent publicly listed entity, focusing on AI data center critical power and thermal management technologies, including power products, embedded solutions, and cooling systems. The CPI segment benefits from robust demand in data center and power infrastructure buildout, and has been viewed by the market as a core growth engine. Following the spinoff, Flex will concentrate on advanced manufacturing across healthcare, industrial, automotive, communications, and consumer sectors.

Within the Electronic Manufacturing Services sector, the overall rebound was pronounced. Among individual stocks, Celestica rose 8.03%, Fabrinet rose 6.64%, Jabil Circuit rose 2.39%, TTM Technologies rose 0.58%, while TE Connectivity edged down 0.03%. The company's latest annual report showed revenue growth of 8.14% year-over-year and net income growth of 5.01%, providing fundamental support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)