33 Most Important AI Companies You Should Pay Attention To

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

Number of Hedge Fund Holders: 69

YTD Return as of August 1: 56% 

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. The company has been focusing on scalability and reliability in AI networking infrastructure, partly in an effort to target new hyperscale customers. The firm is marketing an Ethernet architecture based on merchant silicon. Per the firm, this new system helps facilitate rapid deployment. This rapid deployment is the need of the hour for many leading hyperscalers and Tier-2 cloud providers as the AI race heats up.

Jayshree V Ullal, the CEO of Arista Networks, Inc. (NYSE:ANET), detailed during the second quarter earnings call that data centers were evolving to holistic AI centers, where the network was the epicenter of AI management for acceleration of applications, compute, storage, and the wide area network. Ullal noted that these AI centers needed a foundational data architecture to deal with the multimodal AI datasets. Artista was providing the differentiated Extensible Operating System (EOS) network data link systems for running these datasets.