No tech company has ridden Nvidia’s AI coattails like Super Micro. The company more commonly known as Supermicro makes specialized servers using Nvidia’s chips for tech giants building generative artificial intelligence services into their networks. When Supermicro was added to the S&P 500 earlier this month, its shares were trading around 40 times projected earnings for the next four quarters.
TD SYNNEX's (SNX) first-quarter fiscal 2024 results reflect gains from market recovery, improving IT demand environment, diversification of portfolio and expansion of global line cards.
The company's free cash flow led to much higher buybacks and its stock could be worth over 26% more