Avnet IncAVT
▲ PositiveDemandrelevance
Demand rose for Avnet's electronic components used in AI infrastructure and data-center buildouts, driving the stock up 5.2%.
Impact on assets 2
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Shares of electronic components distributor Avnet jumped 5.2% in the afternoon session after demand rose for electronic components used in AI infrastructure and global data-center buildouts, according to TipRanks. Record trading levels reflected the AI and data-center cycle pulling through distributors, while sentiment also got a lift from normalizing supply chains in industrial and automotive end markets that broadened the demand backdrop beyond AI alone. After the initial pop, the shares cooled down to $107.15, up 4.8% from the previous close. Avnet is up 117% since the beginning of the year and, at $107.15 per share, has set a new 52-week high. The stock's biggest recent move came 8 months ago, when it gained 11.6% on strong fourth-quarter results for its quarter ended December 2025, posting revenue of $6.32 billion, up 11.6% year on year and 4.9% above consensus, with adjusted earnings per share of $1.05 versus $0.87 a year earlier and 10.2% above forecasts, alongside next-quarter revenue guidance of $6.35 billion at the midpoint, 7.9% above analyst expectations.
Avnet IncDemand rose for Avnet's electronic components used in AI infrastructure and data-center buildouts, driving the stock up 5.2%.
