This stock is looking to bring the fight to Nvidia
ANETArista(ANET) Finbold·2024-05-30 20:58

Nvidia’s (NASDAQ: NVDA) CEO, Jensen Huang, recently announced that the company is ‘all in on Ethernet,’ impacting data center networking design and software providers like Arista Networks (NYSE: ANET). With Nvidia’s plans to develop its data centers, competition for Arista Networks is set to intensify. As a result, Wall Street analysts have shifted their outlook on ANET stock from bullish to more cautious, now predicting only a 3% potential upside from its current price of $308.05. Despite these concerns, A ...