Top 9 AI News Updates Investors Probably Missed

3. Arrow Electronics, Inc. (NYSE:ARW)

Number of Hedge Fund Holders: 35

Arrow Electronics (NYSE:ARW) is a leading provider of technology products, services, and solutions. It specializes in electronic components and enterprise computing solutions. On March 25, the company confirmed the expansion of its private label-managed professional and implementation services portfolio.

The AI-focused managed services portfolio features solutions for maintaining large language models and AI deployments. Its expansion marks an important milestone in Arrow Electronics (NYSE:ARW) push for growth opportunities in high-growth technology segments, including artificial intelligence, cloud computing and security. Additionally, it positions it to tap into the growing demand for AI implementation services.

“Our services provide them with the agility to explore new strategic areas while maintaining successful business outcomes. This expansion is a significant step in our commitment to help our channel partners boost recurring revenue streams without the burdens typically associated with maintaining an extensive services portfolio,” said Ben Klay, president of Arrow’s North America enterprise computing solutions business.