2024-05-01 08:30:54 ET
Summary
- Arista Networks stock has been lifted by its forays into AI networking.
- Analysts have differing opinions on Arista's position in the AI race.
- Arista Networks' market leadership could strengthen, given its ability to scale rapidly and efficiently for its cloud customers.
- ANET is priced at a premium. However, it's a fundamentally strong company supported by a robust growth thesis.
- ANET buyers have also returned to stem a further decline from its recent bear market. It's time to be brave.
Arista Is An AI Networking Leader
As a growth investor, I must admit I didn't fully understand Arista Networks, Inc.'s ( ANET ) bullish thesis early on, allowing me to capitalize on it before it surged to its recent highs. I focused on analyzing semiconductor behemoths like Broadcom (AVGO), NVIDIA (NVDA), AMD (AMD), and TSMC (TSM). However, I missed one of the most important areas underpinning data center construction and the growth inflection in AI: networking....
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Arista Networks: Buying Opportunity Before Entering Beast Mode (Rating Upgrade)