Arista Networks Inc (ANET) Is A Key Player In The NVIDIA AI Chip Competition, Says Jim Cramer

We recently published 14 Latest Stocks on Jim Cramer’s Radar. Arista Networks Inc is one of the stocks Jim Cramer recently discussed.

Arista Networks Inc is one of Jim Cramer’s top data center stocks. The shares have gained 27% year-to-date, primarily on the back of a 17% jump in August. Arista Networks Inc’s stock rose after the firm’s second-quarter earnings saw it guide Q3 revenue at $2.25 billion to beat analyst estimates of $2.11 billion. In his latest comments about the firm, Cramer discussed how Arista Networks Inc might be playing a role in the demand for alternatives to NVIDIA’s GPUs:

“I think the customers are saying, you know what, I really want NVIDIA but it’s really expensive. They want a price break. They want to be able to go Hock Tan and say listen, could you put together Celestica offering with Hock Tan and with Jayshree, which is Arista, and that’s considered to be the competition that then can say NVIDIA, I want the price down. I don’t think that that offering is superior. But I do think that Broadcom’s stock is up in large part because people feel they can rival NVIDIA.”

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This article is originally published at Insider Monkey.