Arrow Electronics and Avnet shares surged 9% after Truist upgraded both to Buy, citing improved semiconductor sentiment.
Truist raised Arrow’s price target to $183 from $148 and Avnet’s to $80 from $65, reflecting undervalued growth.
About 90% of Q1 supply‑chain respondents reported better‑than‑expected demand, tight inventories and strengthening pricing across product categories.
Analysts warn of risks including a possible short‑lived “head‑fake” recovery and memory‑component supply constraints.