Flex announced that its AI data center spin-off, Axiom, has been valued at $37.5 billion following a $2 billion convertible preferred stock investment led by General Catalyst and Koch Equity Development. Axiom specializes in power systems and cooling solutions essential for AI data centers, a rapidly growing market segment for Flex. The spin-off is expected to be completed tax-free in early 2027, giving Flex shareholders shares in Axiom without immediate tax liability. Despite Axiom's high valuation, Flex's stock showed little reaction, suggesting the market has yet to fully price in the spin-off's impact. Investors will look to Flex's November 2026 Investor Day for clearer guidance on Axiom's standalone profitability and growth prospects.
Flex's stock price on Pluang is currently USD 117.77, showing a modest 0.87% increase as of Oct 06, 2026 23:21 WIB. Despite the $37.5 billion valuation of its AI data center spin-off Axiom, Flex's market cap stands at $43.16 billion. Trading volume is active with 2,604,240 shares exchanged, while all recent Pluang orders have been sells, indicating cautious investor sentiment.
