AI stocks to buy became the hottest investing trend last year and are taking the stock market to new heights. These stocks are surging this year thanks to momentum building towards the first of two likely interest rate cuts.
Arista Networks Inc. NYSE: ANET is a leading networking company that provides hardware and software-defined networking solutions to data centers and enterprises. Arista has benefited from enterprise spending on artificial intelligence (AI) infrastructure.
Datacenter power consumption is predicted to more than double in the next six years, thanks to datacenter expansion. This growth is needed to process the huge amounts of data that supports AI and machine learning.
Investors have been making a lot of money by investing in AI stocks. Not every artificial intelligence stock has been profitable, but the winners have been crushing the stock market.
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