Jim Cramer’s 17 Stock Calls: Applied Materials and CoreWeave

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6. Arista Networks Inc. (NYSE:ANET)

Arista Networks Inc. (NYSE:ANET) was among Jim Cramer’s stock calls on Mad Money recently. Cramer called it an “amazing company” during the episode, as he remarked:

Next, the only non-semiconductor and non-memory stocks in the top 10 were networking plays… Arista Networks, another major networking play, did make the top 10 with a 41% gain over the past three weeks. Amazing. It’s been an amazing company, amazing stock for many years, a personal favorite of mine… These rallies are all about the move from copper-based networking solutions to fiber optics which are faster and carry less heat. Again, I have some queasiness about the one-way nature of these moves, but this is another place where the shortages and the sold-out nature of these products are all that seem to matter to the buyers, and I don’t blame them because we’ve never seen anything like this. Never.

Arista Networks Inc. (NYSE:ANET) sells cloud-based networking solutions and related software for data center, AI, and enterprise operations. In addition, it provides network services, support, and hardware solutions.

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 the cheapest AI stock.

Click to continue reading and see Jim Cramer’s 5 Stock Calls: Intel and Micron.

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