12 Best Computer Hardware Stocks to Invest In

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1. Arista Networks Inc. (NYSE:ANET)

Number of Hedge Fund Holders: 81

Arista Networks, Inc. (NYSE:ANET) ranks among the best computer hardware stocks to invest in. Raymond James maintained its Market Perform rating on Arista Networks, Inc. (NYSE:ANET) following the company’s 10-Q filing on August 6. The firm highlighted that Arista’s remaining performance obligations (RPO) and bookings strength were equal to or greater than the revenue and billings indicated in the company’s last earnings statement.

According to Raymond James, Arista’s purchase orders are steady, demonstrating the networking company’s steady demand for its goods and services. Additionally, the firm noted that VeloCloud’s purchase price was less than what market speculation had previously indicated, which might have offered Arista Networks, Inc. (NYSE:ANET) a more advantageous acquisition cost.

Arista Networks, Inc. (NYSE:ANET) is an American computer networking company headquartered in Santa Clara, California. The company specializes in developing and providing multilayer network switches that enable software-defined networking in large-scale data centers, cloud computing, high-performance computing, and high-frequency trading environments.

While we acknowledge the potential of ANET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ANET and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

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