Goldman Sachs’ 35 AI Superstars

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17. 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. There are a host of factors that make this company an attractive investment prospect. For instance, reported revenue was $1.811 billion for the third quarter of 2024, reflecting a 7.1% increase compared to the second quarter of 2024 and a 20% increase from the third quarter of 2023, signaling strong growth year-over-year and quarter-over-quarter. In contrast, revenue was $1.571 billion for the second quarter of 2024, marking a 2% increase compared to the fourth quarter of 2023 and a 16.3% growth from the first quarter of 2023, reflecting consistent growth across both periods. Moreover, the company is actively engaged in five major cluster trials, with three progressing to pilot stages. These groundbreaking AI-driven products include its CloudEOS Edge, cognitive Wi-Fi software, and AI ethernet switching platforms.

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