Flex Ltd is trading 4.2% down at $142.95 as investors take profits following a sharp multi-day rally. - The recent surge was fueled by the announced spin-off of the Cloud and Power Infrastructure segment, strong FY26 results, optimism regarding AI exposure, and confirmed S&P 500 inclusion. - Today's pullback appears to be a period of consolidation, with no new company-specific negative catalysts reported. - The downward movement is influenced by broader tech sector profit-taking, partly triggered by disappointing AI chip outlooks from companies like Broadcom.