Zacks Investment Research
01 Jun 2026, 07:31 UTC · 2h ago
Source · https://www.zacks.com/stock/news/2929564/td-synnex-snx-surges-6-1-is-this-an-indication-of-further-gains?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape|daily_price_change_3%-2929564
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TD SYNNEX (SNX) is seeing strong momentum in its Hyve business and has secured programs with all five major U.S.-based hyperscalers for AI-enabled data center infrastructure. — Direct exposure to the five largest US cloud providers and AI infrastructure demand is a high-growth catalyst for the stock.
+0.60TD SYNNEX is projected to report a 35.8% year-over-year increase in quarterly earnings per share to $4.06. — Significant projected earnings growth typically drives positive price action if realized.
+0.40ServiceNow (NOW) shares closed the last trading session 14.4% higher, though it currently holds a Zacks Rank #4 (Sell). — Short-term price momentum is strong, but the negative analyst rank suggests a potential divergence or risk of reversal.
+0.20Ticker attribution
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Shares rose 6.1% on strong demand for AI infrastructure and a Zacks Rank #1 (Strong Buy).
Shares closed 14.4% higher and returned 23.1% in the past month, despite a Sell rank.
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