TD SYNNEX (SNX) Achieves Significant Milestone in Global AI Enablement Journey TD SYNNEX (SNX) Achieves Significant Milestone in Global AI Enablement Journey

Photo of author

By Ronald Tech

TD SYNNEX (SNX) has long been a prominent partner of Microsoft (MSFT), and its dedication has been acknowledged with the Operational Excellence Microsoft Partner of the Year award in 2023. In December 2023, SNX initiated the Global AI Enablement Journey for Microsoft 365 Copilot and has recently celebrated the achievement of surpassing 2,000 partners in the program.

TD SYNNEX integrated Microsoft 365 Copilot into its Destination AI program, where it collaborated to assist channel partners with AI vendor support, training, enablement, and guidance. Microsoft Copilot 365 was chosen for its AI-based capabilities, enhancing popular Microsoft tools such as PowerPoint, Outlook, Teams, Word, Excel, and enterprise-grade security solutions.

In its latest announcement, SNX revealed the expansion of its Global AI Enablement program in partnership with MSFT to include cloud solution providers. Furthermore, over 500 individuals have acquired certification through the TD SYNNEX program, enabling partners to support their customers in achieving improved teamwork, seamless workflows, and increased productivity.

TD SYNNEX Corporation Price and Consensus

TD SYNNEX Corporation price-consensus-chart | TD SYNNEX Corporation Quote

TD SYNNEX Contributes to the Advancement of AI

The adoption of generative AI by organizations globally is gaining momentum. According to a Gartner report, 90% of companies are expected to utilize generative AI for assistance in the coming years. TD SYNNEX’s accomplishments in the Global AI Enablement Journey underscore its success in the AI space. The company is scaling up as its channel partners embrace Microsoft 365 Copilot, placing small and medium businesses at the forefront of the AI revolution.

As a solution aggregator, TD SYNNEX is benefiting from its extensive vendor portfolio in the AI market. It has forged partnerships with leading providers in both on and off-premises infrastructure areas essential for running and training AI models.

Additionally, many of its software vendors have announced or rolled out embedded AI capabilities within their product lines. The company is also working to reinforce its collaboration with Personal Computer Original Equipment Manufacturers to introduce AI-enabled PCs.

See also  Steve Jobs-Autographed Business Card Breaks Record At Auction: How Sale Price Compares To Elon Musk's Signed Card - Apple (NASDAQ:AAPL)

Zacks Rank

Currently, TD SYNNEX and Microsoft hold a Zacks Rank #3 (Hold) each. Over the past year, SNX shares have decreased by 3.9%, while MSFT shares have surged by 65.5% during the same period.

Stocks Worth Considering

Some more promising stocks in the broader technology sector include Apple (AAPL) and BlackLine (BL), both currently carrying a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for Apple’s first-quarter 2024 earnings per share has remained unchanged for the past 90 days, with AAPL shares showing a 35.8% return in the past year. Conversely, the Zacks Consensus Estimate for BlackLine’s fourth-quarter 2023 earnings has moved upward by a penny to 55 cents per share in the past 30 days, while BL shares have seen a 14.9% decline in the past year.

Only $1 to See All Zacks’ Buys and Sells

We’re not kidding.

Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.

Thousands have taken advantage of this opportunity. Thousands did not – they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators, and more. They’ve already closed 162 positions with double- and triple-digit gains in 2023 alone.

See Stocks Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Zacks Investment Research