Flex is trading 10.3% down at $77.34. No Flex-specific announcement explaining the October 22 move was identified; renewed investor concern about returns on AI investment is the clearest immediate backdrop.
- Reuters reported global stocks retreating as AI concerns offset earnings optimism.
- AP described AI-related losses and rising oil as pressures on markets. Geopolitical tensions and higher oil prices weighed on risk appetite, and Flex had already been falling in recent sessions.