10 AI News Updates Investors Should Not Miss

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

Number of Hedge Fund Holders: 70

Arista Networks, Inc. (NYSE:ANET) is a technology company that develops, markets and sells data-driven, client-to-cloud networking solutions for data centres. On January 17th, Goldman Sachs analyst Michael NG reiterated a Buy rating on the stock with a $135 price target.

The buy rating comes amid growing expectations that Arista Networks, Inc. (NYSE:ANET) is well-positioned to benefit from growing demands for data-driven and networking solutions for data centres. That was evident on January 24th as the stock also rallied in the market on Meta Platforms announcing plans to spend between $60 to $65 billion to gain an edge on artificial intelligence. Meta is one of Arista Networks’ biggest networking gear clients.