Goldman has ‘growing optimism’ about this AI networking play, sees more than 15% upside

[Pelican Press 0]

Goldman has ‘growing optimism’ about this AI networking play, sees more than 15% upside

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, he said, is the growing capital expenditures from customers of the Cloud Titan business, including Meta ,

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and Oracle . That matters because continued spend on this business from clients can support Arista’s revenue. Meta’s AI Research SuperCluster provides another justification for his high expectations. The

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parent defined a clear role for Arista in generative AI infrastructure, Ng said. And shipment forecasts continue to rise for AI servers, which Ng said can also bode well for Arista. On top of that, there’s an increasing use of ethernet in AI networking, a good sign given the focus on networking equipment. In the same vein, Ng pointed to positive new data on its performance that came out during Broadcom ‘s AI Infrastructure Investment Meeting. ANET 1Y mountain Arista Networks, 1-year Ng’s call comes amid a strong ******* for Arista shares. The stock has rallied almost 30% in 2024 after nearly doubling in share price during the prior year.

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Investment strategy,Stock markets,Arista Networks Inc,Goldman Sachs BDC Inc,Meta Platforms Inc,

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Corp,Oracle Corp,Goldman Sachs Group Inc,Broadcom Inc,business news
#Goldman #growing #optimism #networking #play #sees #upside

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