Evercore and Goldman Sachs Stay Bullish on Arista Networks (ANET) [Yahoo! Finance]
Advanced Micro Devices, Inc. (AMD)
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Source: Yahoo! Finance
This update came after Advanced Micro Devices, Inc. (NASDAQ:AMD) and Meta Platforms, Inc. (NASDAQ:META) announced a major 6-gigawatt agreement to power Meta Platforms, Inc.'s (NASDAQ:META) next generation of AI infrastructure across multiple generations of AMD Instinct GPUs. Evercore and Goldman Sachs Stay Bullish on Arista Networks (ANET) Evercore noted that this is a strong positive for Arista Networks, Inc. (NYSE:ANET) as it is well-positioned to gain a larger share in AMD clusters. The research firm pointed out that as spending on computing becomes diversified, Arista Networks, Inc. (NYSE:ANET) stands to benefit and remains a “unique beneficiary” as model builders invest to expand their network infrastructure. Earlier, on February 13, Goldman Sachs raised its price target on Arista Networks, Inc. (NYSE:ANET) from $165 to $188 and kept its Buy rating on the stock. The firm believes the company is in a good position to benefit from rising data demand, cloud migration, and the
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