Flex announced a $2 billion convertible preferred stock investment in Axiom, its Cloud and Power Infrastructure segment, from General Catalyst, Koch Equity Development, and co-investors. This funding supports Axiom's acquisition of EPC Power and prepares it to become an independent, publicly traded company focused on AI infrastructure, expected in early 2027. The investment strengthens Axiom's balance sheet and aligns with growing AI demand, with General Catalyst gaining board representation. The deal awaits regulatory approvals and customary closing conditions.
Following Flex's announcement of a $2 billion investment into Axiom, Flex shares are trading steadily on Pluang at USD 117.00, up 0.33% as of Oct 05, 2026 19:12 WIB. The stock's market cap stands at $40.63 billion, with a 52-week range between $54.51 and $162.07. Investors have typically held FLEX shares for about 6 days on the platform, reflecting ongoing interest in the company's strategic moves.
