AI has triggered a lasting step change in demand for computing, networking and cybersecurity

The shift is comparable to the commercialisation of the internet 25 years ago, but with better financial performance and working capital management.

The AI effect is most visible in the US, where gross invoiced income at Logicalis International jumped 34%, or $135-million.

Component shortages are back, mainly for high-end Cisco routers and switches used in AI infrastructure, due to hyperscalers’ heavy buying.