35 AI News and Ratings You Should Not Miss

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

Number of Hedge Fund Holders: 65

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 October 15, Wells Fargo maintained an Overweight rating and $390 price target on Arista shares. In a research note, the advisory underlined that Arista Networks published a blog post outlining Meta Platforms’ deployment of the Arista 7700R4 Distributed Etherlink Switch, or DES, for the company’s latest Ethernet-based large-scale AI cluster. Arista’s blog comes as shares have seemingly come under some pressure following Meta’s Minipack 51.2T switch announcement, but the advisory thinks any concerns are misplaced.