On June 1, Flex Ltd rose 3.26% overnight, trading at $155.70/share, with trading volume of $9,244.

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

The Electronic Manufacturing Services sector extended its rebound trend, with TTM Technologies up 2.04%, Celestica up 1.09%, Jabil Circuit up 0.72%, and Fabrinet up 0.4%. The company's latest annual report showed revenue growth of 8.14% year-over-year to $27.91 billion, with net income attributable to shareholders rising 5.01% to $880 million, underscoring solid fundamentals.

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