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TD SYNNEX Corporation - $SNX STOCK NEWS

Welcome to our dedicated page for TD SYNNEX Corporation news (Ticker: $SNX), a resource for investors and traders seeking the latest updates and insights on TD SYNNEX Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TD SYNNEX Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TD SYNNEX Corporation's position in the market.

Rhea-AI Summary

TD SYNNEX (NYSE: SNX) has appointed Alim Dhanji as its new Chief Human Resources Officer, effective June 10. Dhanji, who succeeds Beth Simonetti, brings over 25 years of leadership experience in talent strategy and high-performance cultures from previous roles at Equinox Group and Adidas. Simonetti will retire on June 1 and continue as a consultant through August 31. CEO Rich Hume highlighted Dhanji's proven track record and his potential to enhance the company’s corporate culture and talent programs. Dhanji expressed enthusiasm for uniting global teams towards ambitious growth goals. He holds an MBA from Royal Roads University and has completed the Advanced Management Program at Harvard Business School.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
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management
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Rhea-AI Summary

TD SYNNEX (NYSE: SNX) has had its near and long-term science-based emissions reduction targets approved by the Science Based Targets initiative (SBTi), making it one of the first technology solutions aggregators to achieve this milestone.

Key highlights include:

1. Net-zero greenhouse gas emissions across the value chain by FY2045.

2. A 42% reduction in absolute scope 1 and 2 GHG emissions by FY2030 from a FY2022 base year.

3. By FY2028, 90% of suppliers by spend and 58% of customers by revenue will have science-based targets.

CEO Rich Hume emphasized that sustainability has been a priority since the company’s inception post-merger in 2021. Vice President Adam Rutstein highlighted the ongoing efforts to build regional roadmaps to reach these goals.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
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none
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Rhea-AI Summary

TD SYNNEX has launched MSP Evolve, a program designed to empower managed service providers (MSPs) in North America. The initiative includes a suite of customized solutions to enhance operational efficiency and drive business growth. MSP Evolve aims to address the unique challenges MSPs face in the evolving IT landscape, focusing on high-growth technologies like Cloud, Security, Data Analytics, and AI.

Key features include support services, solutions, and training programs available through the TD SYNNEX StreamOne® Cloud Platform, which offers tools for automation, integration, and billing reconciliation. The program also provides robust security services, including continuous IT infrastructure monitoring and comprehensive cybersecurity assessments.

Launched at the Beyond Security event in Boston, the initiative has already received positive feedback from partners, highlighting its educational and sales enablement resources.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
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none
Rhea-AI Summary

TD SYNNEX (NYSE: SNX) has launched a High-Growth Technology Center of Excellence (CoE) aimed at accelerating partners' digital transformation initiatives through AI integration. The CoE offers resources to help partners navigate the rapidly evolving technology landscape, focusing on high-growth areas such as AI, cloud, cybersecurity, data, and modern infrastructure. The initiative includes AI Accelerator Workshops, Practice Builder Experiences, and a High-Growth Solutions Factory. The CoE builds on the Destination AI program and supports AI-driven solutions in security, data, and cloud. As per TD SYNNEX’s 2023 report, there is a 625% increase in AI interest, and IDC forecasts the Digital Transformation Market to reach $2.9 Trillion by 2027.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
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none
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Rhea-AI Summary

TD SYNNEX announced the launch of the IBM watsonx Gold 100 program, aiming to recruit 100 partners and equip them to achieve IBM’s Gold-tier status. The initiative will provide partners with training, business planning, marketing support, expert services, and demos to maximize their AI practice with the IBM watsonx AI and data platform. The program includes the establishment of IBM watsonx Centers of Excellence in four locations by 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
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AI
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Rhea-AI Summary

Tech Data Capital, a TD SYNNEX Company, is expanding to Singapore, Australia, and India to provide partners with flexible financing solutions from selected financial institutions. This move aims to address the financial scalability challenge faced by partners, enabling them to invest in new technologies and meet customer demand. The initiative will empower IT channel partners and clients to increase purchasing power and accelerate business growth in the APJ region.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
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none
Rhea-AI Summary

Hyve Solutions, a subsidiary of TD SYNNEX (NYSE: SNX), has been named a design partner for the NVIDIA HGX platform. This partnership will focus on accelerating AI in the datacenter and at the edge by providing high-performance computing solutions for AI, ML, and DL workloads. Hyve's expertise in datacenter design and manufacturing, along with NVIDIA's technology, aims to deliver scalable AI datacenter architectures to meet the evolving needs of customers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
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none
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Rhea-AI Summary
TD SYNNEX (SNX) launches Spring 2024 programming for CommunitySolv, focusing on innovation, business optimization, and operational excellence. Events in Las Vegas and Toronto offer networking opportunities and highlight high-growth areas like AI and security. Canadian event emphasizes the 'Power of Partnership' with key speakers addressing industry issues and operational excellence topics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
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none
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Rhea-AI Summary
Scality partners with TD SYNNEX to distribute cyber-resilient storage solutions in the DACH region, enhancing ransomware protection for enterprises. The collaboration aims to provide affordable, enterprise-grade object-storage software to strengthen cyber security posture across hybrid-cloud environments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
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partnership
Rhea-AI Summary
TD SYNNEX (SNX) announced the pricing of a secondary public offering of 5,309,299 shares of its common stock. The offering, sold by affiliates of Apollo Global Management, Inc., is expected to close soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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buyback offering
TD SYNNEX Corporation

NYSE:SNX

SNX Rankings

SNX Stock Data

11.17B
77.82M
10.94%
57.04%
1.83%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
United States of America
FREMONT

About SNX

welcome to synnex corporation (snx), a global leader in it distribution (technology solutions segment) and global business services (concentrix segment). founded in 1980, synnex is a $10.4 billion company with more than 53,000 associates worldwide and in 2014 was ranked no. 260 on the fortune 500 list. synnex partners with more than 300 world-leader technology manufacturers, helping them distribute their products through more than 20,000 value-added resellers primarily in north america. our focused channel categories include it systems, peripherals, system components, software, networking, and consumer electronics products. our vendor partners include hp, intel, panasonic, microsoft, lenovo, seagate, and many other world-class original equipment manufacturers. in addition to distribution, synnex provides business process outsourcing for technical support, renewals management, demand generation, direct sales, customer service, back-office processing, and it outsourcing. synnex creates