It’s no secret that the hardware industry stands to gain a lot from the boom in artificial intelligence. After all, it is the continued growth of the tech hardware industry that makes developments, such as AI, more available to the public.The global computer hardware market is expected to grow to $914.55 billion by 2028 at a 6.5% CAGR. While this growth comes from a myriad of factors, one of the more notable ones include the expansion of data centers. All of the cloud service industry leaders, Amazon (NASDA ...

Morningstar.com recently discussed how GE Aerospace (NYSE:GE) stock has skyrocketed over the past 12 months, gaining 86%, with more than half the gains in 2024. Apparently momentum plays like GE have become the stocks to buy entering the second half of the year. It’s hard to believe that GE’s become a momentum stock after lying dormant for so many years. Kudos to CEO Larry Culp for the job he’s done delivering value for long-suffering shareholders.GE isn’t the only stock that skyrocketed over the past year. ...

We've heard it many times this year: "Nvidia is the only thing holding up this market!" But is it really?Nvidia ((NVDA) is currently experiencing its second worst correction of 2024, now ~14% off its all-time high. And yet the S&P 500 has barely budged – it's a point off its all-time high. Nvidia, Qualcomm and Broadcom Stocks Sell Off Nvidia isn’t alone in this correction either, several other leading AI stocks have taken a hit over the last week, led primarily by fellow semiconductor stocks.Along with Nvid ...

In the latest trading session, Arista Networks (ANET) closed at $340.34, marking a +0.08% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.25%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.03%.The the stock of cloud networking company has risen by 6.48% in the past month, lagging the Computer and Technology sector's gain of 8.7% and overreaching the S&P 500's gain of 3.34%.Analysts and investors alike will be keeping a close eye on th ...

The technology sector is firing on all cylinders. Barring some minor fluctuations, Wall Street has been witnessing a strong bull run in the last 18 months, predominantly driven by technology stocks.During this period, any dip in this sector has proven beneficial to enter the market as technology stocks have rebounded more aggressively. This is likely to continue in the future too, uplifting the technology sector as the new “safe haven.”Wall Street’s broad-market index — the S&P 500 — registered 30 record-cl ...

AI and data stocks have shown no sign of slowing down in this current market. Indeed, many of the top names have left the broader market in the dust over the past few years. These companies are only seeing more and more demand due to companies expanding and working on their own AI models. Huge amounts of data are being scraped and stored in data centers, and this data is needed to run the AI models of the future.Companies could previously get rid of unnecessary data to clear up space, but human-generated da ...

Stock Performance and Analyst Actions - Arista Networks' stock rose 4 9% as of 1 31 p m ET following an analyst's price target increase [1] - Morgan Stanley analyst Meta Marshall increased Arista's price target from $300 to $325 and reiterated an "overweight" rating [2] - Arista's stock has received solid buy ratings from analysts, contributing to investor confidence [2] Market Position and AI Leadership - Arista Networks has emerged as a leader in the AI networking market, attracting significant investor interest [1] - The company is a leader in the computing networking space and provides AI networking devices and services [2] - Arista's networking solutions are used by major tech companies like Microsoft and Meta, accounting for 39% of its fiscal 2023 sales [2] Historical Performance and Investor Sentiment - Arista's share price has increased by 91% over the past year, reflecting strong investor confidence in its market position [3] - Investors have been bullish on Arista this year due to its entrenched position in the data center networking space [2][3] Valuation and Investment Potential - Arista's stock currently trades at a price-to-earnings ratio of about 40, indicating a relatively high valuation [4] - Despite its high valuation, Arista is seen as a promising investment opportunity in the AI space, distinct from larger tech companies like Meta and Microsoft [4]

Nvidia (NASDAQ:NVDA) recently completed its much-anticipated 10-for-1 stock split. That means traders who held one share of Nvida at around $1,200 per share now own ten Nvidia shares trading at around $120 per share. Investors have started considering other stocks to buy after Nvidia’s stock split. Given the reduced barrier for buying whole shares, it is typical for share prices to increase in the days and weeks following a split.A stock split also signals management confidence in the company’s long-term ou ...

The Zacks Communication - Components industry appears well poised to benefit from healthy demand trends and an increasing user propensity to stay abreast of the latest digital innovations. However, volatility in raw material prices due to elevated customer inventory levels, high capital expenditures for infrastructure upgrades, margin erosion, geopolitical conflicts and raging wars have dented the industry’s profitability.Nevertheless, Arista Networks, Inc. (ANET) , Harmonic Inc. (HLIT) and Ooma, Inc. (OOMA ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Arista Networks. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...