10 AI News Taking Wall Street By Storm

2. 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 17, Morgan Stanley analyst Meta Marshall raised the firm’s price target on Arista Networks to $118 from $102.50 and kept an “Overweight” rating on the shares. The firm noted that networking companies had “bifurcated performance in 2024”. Companies that were “AI enablers” did really well, with the trend anticipated to continue heading into next year. On the other hand, it is more cautious about service provider names, considering a recovery in the area is already anticipated and priced in. Arista’s advanced networking solutions are critical for AI workloads, and its collaboration with major technology companies, such as Meta, underscores the role it plays in building large-scale AI infrastructure.