Did Jim Cramer Nail or Miss These 11 Stock Predictions?

1. Arista Networks Inc. (NYSE:ANET)

Number of Hedge Fund Holders: 78

Back in that episode, a caller proudly told Cramer he became a millionaire, partly by buying Arista Networks Inc. (NYSE:ANET) for his mother-in-law. He asked whether to hold or sell after a recent pullback. Cramer responded with confidence:

“Arista had an unbelievable quarter. And [CEO] Jayshree’s doing a terrific job. Look, all these stocks are a little bot right now, but I think you want to own it and buy into the volatility.”

Cramer made a solid call here as Arista is up 21.03%. Arista Networks Inc. (NYSE:ANET) delivers high-performance networking equipment and software that powers cloud data centers and AI workloads.

More recently however, while addressing the company’s most recent earnings, Jim Cramer said he prefers another stock of Arista. Here are his comments from the 16^th of May:

“Arista Networks had a better quarter this time than the previous quarter. At the same time, I will tell you, here’s what concerns me: I think Cisco did a better job this quarter and is taking some of their business. I’d rather have you go with Cisco, which is a much cheaper stock.”

While we acknowledge the potential of ANET as an investment, 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 AI Stocks on Analyst’s Radar Today and 10 AI Stocks on Wall Street’s Radar. 

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