After a Significant Pullback, there is now an Upgrade to Buy: According to UBS, Investments in Data Centers Remain High. Arista Networks (ANET;i) Therefore has 34% Upside Potential.
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The stock of Arista Networks (ANET;i) experienced a setback due to concerns over infrastructure investments by major tech companies like Microsoft (20% revenue share) and Meta (14.6%). This may also have reflected a correction of potential overvaluation. The company provides high-performance cloud networking solutions for data centers, campus networks, and routing applications. In the last quarter, revenue increased by 25.3% to $1.93 billion, driven by strong demand for cloud and AI networking solutions. Particularly the business with AI backend...
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