Why These 15 Big-Cap Stocks Are Plunging So Far in 2025

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2. Arista Networks Inc (NYSE:ANET)

Number of Hedge Fund Holders In Q4 2024: 78

Arista Networks Inc (NYSE:ANET) provides cloud networking solutions for large data centers.

The stock is down significantly so far in 2025 as Arista Networks experienced a significant drop in revenue from Meta Platforms. Meta is one of its largest customers.

Meta’s contribution to Arista’s revenue fell from 20% in 2023 to approximately 15% in 2024. Moreover, Microsoft has canceled some data center leases (not directly linked to Arista), and the bearish sentiment from this has spilled over into all data center stocks.

The consensus price target of $113.79 implies 33.45% upside.

ANET stock is down 22.63% year-to-date.

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