Avnet Completes Recovery, Now At The 'Center Of A Technology Spike'

Avnet (AVT) has scrambled to record highs this year as the data center and artificial intelligence boom expands, igniting a spending spree for semiconductors, chips and other computing parts. The electronic components distributor sets its sights on further growth after recovering from a multiyear downturn. Now, Avnet stock is trading in a buy zone and ranks on the IBD Leaderboard…