On June 6, Flex Ltd. rose 3.34% in after-hours trading, trading at 156.72 USD/share, with trading volume of $14.19 million. The stock had declined over the prior sessions due to broad weakness in the Electronic Manufacturing Services sector and profit-taking pressure, but the rebound reflects continued support from the company's business spinoff catalyst.

On the news front, Flex previously announced plans to spin off its high-growth Cloud and Power Infrastructure (CPI) segment into an independent publicly listed company. The new entity will focus on critical power and thermal management technologies for AI data centers, including power supply products, embedded solutions, and cooling systems. This business benefits from robust demand in data center and power infrastructure buildout, with strong growth expectations continuing to underpin market sentiment.

The company's latest annual report shows revenue grew 8.14% year-over-year and net income attributable to shareholders increased 5.01% year-over-year, providing solid fundamental support for the stock's stabilization and recovery.

(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.)