Arista Networks Inc (ANET)'s Shares Have Gained 10%+ Since Jim Cramer Called Its CEO "Compelling"

We recently published Jim Cramer’s 20 Bold AI Predictions – See How They Played Out! Arista Networks Inc (NYSE:ANET) is one of the stocks Jim Cramer recently discussed.

Arista Networks Inc (NYSE:ANET) is a data center hardware provider with exposure to the AI industry as it provides equipment to build data centers. It has been one of Cramer’s favorite stocks throughout the year, but the shares have gained a modest 10.9% since his January comments. Arista Networks Inc (NYSE:ANET)’s stock dropped by 22% in January during the DeepSeek selloff and continued to lose 35% until its bottom in April after the Liberation Day selloff. Since then, the shares have gained a strong 106% and experienced a notable 17.5% jump in August after the firm’s second quarter revenue and third quarter guidance beat analyst estimates. Cramer was quite optimistic about Arista Networks Inc (NYSE:ANET) in January as he remarked:

“Then Arista, well you know Arista’s the one a lot of people feel, that’s Jayshree Ullal, Jayshree, that’s the plumbing for data centers. So that makes a lot of sense. Jayshree is a very compelling figure in terms of, even more than Broadcom, in the data center.”

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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.