CDW shares are trading higher following a positive industry read-through from peer TD SYNNEX, which reported strong fiscal third-quarter results earlier today highlighting robust demand for AI infrastructure.
While CDW is currently underperforming the 78% year-to-date surge seen by TD SYNNEX, the market appears to be recalibrating expectations for IT services providers as both companies trade at similar forward price-to-earnings multiples near 11.5x. This momentum builds on CDW's own recent strategic focus on expanding its