10 AI News Investors Shouldn’t Miss

Page 4 of 10

7. Arista Networks, Inc. (NYSE:ANET)

Number of Hedge Fund Holders: 70

Arista Networks, Inc. (NYSE:ANET) develops, markets, and sells cloud networking solutions. On December 27, Goldman shared its top stock picks heading into 2025, one of which is Arista Networks. According to the firm, AI data center equipment demand will remain robust heading into next year, benefiting companies such as Arista Networks which sell to hyperscalers. Its Buy rating and $120 price target signify another 4% upside to the stock.

“We are selectively positive on ANET and DELL as beneficiaries of the AI infrastructure demand because of their early market share leadership in AI servers and switching”.

-Goldman Sachs

Page 4 of 10