Arm Holdings could sink 29% over the next 12 months if analysts are right. Despite strong prospects for its AI Platform product, Wall Street thinks Palantir Technologies stock could fall 15%.
Identifying the best growth stocks to outperform the market with is no easy task. Especially ones that can consistently outperform the market year after year.
Recently, Zacks.com users have been paying close attention to Arista Networks (ANET). This makes it worthwhile to examine what the stock has in store.
Investors taking a second glance at Arista Networks (ANET) stock may notice that it has more than doubled since 2023 and is sitting on +47% gains this year.
It's no secret that the hardware industry stands to gain a lot from the boom in artificial intelligence. After all, it is the continued growth of the tech hardware industry that makes developments, such as AI, more available to the public.
Morningstar.com recently discussed how GE Aerospace (NYSE: GE ) stock has skyrocketed over the past 12 months, gaining 86%, with more than half the gains in 2024. Apparently momentum plays like GE have become the stocks to buy entering the second half of the year.
Arista Networks (ANET) closed at $334.53 in the latest trading session, marking a +1.62% move from the prior day.
We've heard it many times this year: "Nvidia is the only thing holding up this market!" But is it really?
Arista Networks is a critical partner for large tech companies and their data centers. Broadcom's AI revenue is growing in the triple digits.
Arista Networks (ANET) concluded the recent trading session at $340.34, signifying a +0.08% move from its prior day's close.
We have narrowed our search to five U.S. technology behemoths that have robust long-term potential. These are: GOOGL, NVDA, MU, ANET, DELL.
AI and data stocks have shown no sign of slowing down in this current market. Indeed, many of the top names have left the broader market in the dust over the past few years.