NYSE:ANET - New York Stock Exchange, Inc. - US0404131064 - Common Stock
In their latest note, BofA analysts underscored their bullish thesis on the Arista Networks stock by highlighting that the company could be a significant beneficiary from the surge in demand for networking infrastructure fueled by generative AI.
Until recently, a lot of people had probably never even heard of Arista Networks (NYSE: ANET). The network company had significant success in its business of routers, network switches, and similar types of hardware devices, and Wall Street is taking notice. There are a lot of tech stocks out there, and a ton of them have seen big gains in the short term.
Why ARISTA NETWORKS INC (NYSE:ANET) should be investigated by quality investors.
This data center play has been a star performer over the past couple of years and shows no signs of slowing.
Palantir Technologies (NASDAQ: PLTR) has been one of the hottest stocks on the market this year. Palantir shares jumped 190% during that period, while Arista shares soared 525%. Cliff Asness' AQR Capital Management sold 99,140 shares of Palantir, reducing its stake by 16%.
These chip and/or data center stocks have achieved fantastic returns in 2024. In 2025, they have a good chance to continue their past success.