On September 9, Flex Ltd rose 5.2% in regular trading, trading at $115.14/share, with turnover of $156 million. The stock continued to gain momentum following the company's announcement of a $4.4 billion acquisition of EPC Power, aimed at significantly expanding its power conversion capabilities for AI data centers and grid applications.

EPC Power currently has more than 15 gigawatts deployed across 62 countries, with its annual US manufacturing capacity expected to surpass 30 gigawatts by next year. The target is projected to generate $800 million in revenue this year. Upon deal closure in Q4, EPC Power will be integrated into Flex's Cloud and Power Infrastructure segment, which is slated for separation into a standalone publicly traded company in Q1 of next year. Flex stated it is evaluating financial alternatives and expects to fund the acquisition through a combination of debt and equity.

This acquisition further deepens Flex's AI infrastructure strategy. In July, the company expanded its manufacturing partnership with Cerebras Systems to boost CS-3 AI accelerator system production capacity by approximately seven times at its Milpitas, California facility, a move that drove shares up nearly 8% at the time. Together, these initiatives position Flex as a growing force in the AI compute and power infrastructure supply chain.

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