15 AI Stocks Making Waves on Wall Street

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

Number of Hedge Fund Holders: 70 

Arista Networks, Inc. (NYSE:ANET) engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments. On November 21, investment advisory Evercore released an investor note on the AI industry, noting that the strong earnings and guidance of NVIDIA had wide-ranging implications for a number of other companies, including Arista Networks. Per Evercore, Arista should be a beneficiary of a rising tide lifts all boats scenario, as back-end Ethernet spending should get a boost, amid commentary about particular strength for Ethernet-based products.