{"id":26060,"date":"2025-09-16T16:01:08","date_gmt":"2025-09-16T16:01:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/26060\/"},"modified":"2025-09-16T16:01:08","modified_gmt":"2025-09-16T16:01:08","slug":"this-tech-upstart-is-going-after-a-piece-of-nvidias-ai-business-needham","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/26060\/","title":{"rendered":"This tech upstart is going after a piece of Nvidia&#8217;s AI business: Needham"},"content":{"rendered":"<p>New product initiatives from Arista Networks could put the company on a clear path to rival artificial intelligence darling Nvidia and others, according to Needham. Analyst Ryan Koontz, who has a buy rating on the network equipment name, increased his price target on Tuesday to $160 from $155. That reflects around 10% upside from Monday&#8217;s close. &#8220;At its Analyst Day Arista management laid out \u2026 a compelling vision for the continued transformation of the company, outlining new Cloud\/AI capabilities&#8221; that target Nvidia, the analyst wrote. &#8220;We also gained strong appreciation for key new senior management hires whom we see as capable of driving the rate of change necessary to expand the company&#8217;s dominant lanes.&#8221; The analyst also cited Arista&#8217;s announcement for plans to &#8220;develop a scale-up product built on the newly released Tomahawk Ultra chip from Broadcom .&#8221; Such a development would position Arista to compete with Nvidia in the scale-up network market as opposed to the AI chip market, Koontz said. &#8220;NVIDIA currently has the dominant product in scale-up networks, with new prospective Ethernet solutions from Broadcom and AMD,&#8221; he said. &#8220;We expect Arista to complete design for its new scale-up in 2026 and enter major trials in 2027 ahead of a volume shipment ramp.&#8221; Koontz added that Arista became a major new supplier to Anthropic in 2025. He expects that to meaningfully contribute to the company&#8217;s revenue growth next year. ANET 6M mountain ANET, 6-month Most analysts are bullish on Arista, with 23 out of 28 analysts covering it having a strong buy or buy rating, per LSEG data. The remaining five have a hold rating. Needham&#8217;s bullish outlook on the stock comes as it has soared in recent months. Over the past six months, shares have risen nearly 72%, outpacing the S &amp; P 500&#8217;s 17% gain during that same period. The stock has also jumped almost 51% over the past three months.<\/p>\n","protected":false},"excerpt":{"rendered":"New product initiatives from Arista Networks could put the company on a clear path to rival artificial intelligence&hellip;\n","protected":false},"author":2,"featured_media":26061,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,26297,363,364,2708,553,26296,2338,111,139,5742,69,2340,145],"class_list":{"0":"post-26060","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-arista-networks-inc","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-broadcom-inc","13":"tag-business-news","14":"tag-cisco-systems-inc","15":"tag-investment-strategy","16":"tag-new-zealand","17":"tag-newzealand","18":"tag-nvidia-corp","19":"tag-nz","20":"tag-stock-markets","21":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/26060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=26060"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/26060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/26061"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=26060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=26060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=26060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}