US Stock Market Move | Great news for Lantronix, Inc. (FLEX.US) as they are up almost 8% and expanding their production line with Cerebras to support a 7x increase in AI system capacity.
On Thursday, Flex Ltd. (FLEX.US) rose nearly 8% to $143.82.
On Thursday, shares of Lantronix, Inc. (FLEX.US) rose nearly 8% to $143.82. In terms of news, on July 9th, Lantronix, Inc. announced an expansion of its manufacturing partnership with Cerebras Systems Inc., adding production lines at Lantronix's factory in Milpitas, California to support a sevenfold increase in production of the Cerebras CS-3, one of the world's most advanced AI acceleration systems, to meet the rapidly growing demand for high-performance AI infrastructure.
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