Citi Research predicts a 25% revenue increase for Arista Networks by 2025 due to AI data center growth among major cloud companies.

Citi Research forecasts that Arista Networks Inc (NYSE:ANET) will benefit significantly from a 40% year-over-year increase in capital expenditures for AI data centers among major cloud companies. This growth, driven by multi-data center training approaches, could boost Arista's revenue by up to 25% in 2025. Citi raised its price target for the stock to $460 while maintaining a Buy rating. In contrast, Qorvo Inc (NASDAQ:QRVO) faced a downgrade due to challenges in the Android market and limited benefits from Apple's AI initiatives.

October 19, 2024
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