8. Flex Ltd. (NASDAQ:FLEX)
Percentage Change as of June 26: -2.88%
Number of Hedge Fund Holders: 59
Effective Date: June 22, 2026
Flex Ltd. (NASDAQ:FLEX) is the most recent addition to the S&P 500 index, and year-to-date it has surged over 142%. However, since joining the index last week, the shares have plunged over 2.50%.
On June 1, Flex Ltd. (NASDAQ:FLEX) reported its latest additions at COMPUTEX 2026. The company has announced three new power solutions designed to manage the rising power demands of AI data center infrastructure. The company’s new additions are based around a 110 kW power shelf for the NVIDIA Vera Rubin NVL72 platform, a 30 kW Capacitive Energy Storage System, and the BMR317 intermediate bus converter.
Together, these solutions position Flex as a comprehensive power infrastructure partner for the AI data center builtout. They are focusing on covering the full power delivery chain from rack-level distribution to chip-level conversion. With NVIDIA’s Vera Rubin platform as a key customer use case, Flex is directly integrating its presence in a market with the highest AI compute demand.
On June 25, Flex’s subsidiary, JetCool, launched a liquid-cooled version of the Dell PowerEdge XE7745 server. The solutions offer fully integrated direct-to-chip liquid cooling, simplifying complex processes for enterprise customers through high-density AI infrastructure. The server supports dual 5th Gen AMD EPYC processors and nearly eight NVIDIA RTX PRO 6000 Blackwell GPUs. The system fits best for low-flow operation, allowing enterprises to replace older servers without changing existing facility water loops. The system is backed by Flex’s global manufacturing footprint and supply chain depth to expand server deployment across data centers.
Flex Ltd. (NASDAQ:FLEX) is a diversified manufacturing partner with a growing focus on AI infrastructure, cloud computing, and power solutions.
7. Veeva Systems Inc. (NYSE:VEEV)
Percentage Change as of June 26: 1.28%
Number of Hedge Fund Holders: 62
Effective Date: May 7, 2026
Veeva Systems Inc. (NYSE:VEEV) was added to the S&P 500 in early May and thus appears on our list of the 10 stocks that were added to the S&P 500 index recently.
In the past week, Veeva Systems Inc. (NYSE:VEEV) has gained over 11.5% following the acquisition of Copli and the launch of the AI-driven Veeva Falcon MLR platform. However, year to date, the shares are down over 23%.
On June 25, Veeva Systems announced the launch of Veeva EHS, its latest environmental, health, and safety application within Veeva Quality Cloud. The tool is designed to assist manufacturing and testing sites. The focus is on finding, managing, and mitigating operational and environmental risks. Veeva EHS is planned for early adopter availability in August 2026.
On June 23, Veeva Systems acquired Copli, a company offering agentic medical, legal, and regulatory solutions for the life sciences industry. Copli is now available as Veeva Falcon MLR. The agentic solution will speed up content review with the target of reducing 70% or more manual MLR labor within five years. The tool enhances agentic automation for marketing teams, agencies, and MLR groups.
Of 29 analysts covering VEEV, 20 rate the stock Buy, while 8 rate it Hold. An average price target of $235 implies an upside potential of more than 37%.
Veeva Systems Inc. (NYSE:VEEV) is a provider of cloud-based solutions for the global life sciences industry. Its offerings include cloud software, AI, data, and business consulting.
