Synnex - Rising Investments in Digitalization and AI Upgrade Cycle Lead to Strong Outlook
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Business Driver: Synnex (SNX) is one of the world's leading providers in IT distribution, serving over 150,000 customers in more than 100 countries. As many companies and government agencies significantly increase their investments in digitalization, the outlook for TD Synnex has been improving for some time. New software suites like Microsoft's Copilot or new AI servers and AI PCs are expected to lead to higher selling prices and consequently higher margins in the medium term. On January 10, TD Synnex surprised with a very strong Q4 result....
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