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Wall Street has a new favorite AI pick
  + stars: | 2023-10-31 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Analysts on Wall Street think Arista Networks is the next premier artificial intelligence play. On Monday, the company reported a blowout third quarter that surpassed Wall Street expectations on both the top and bottom lines. Moving forward, analysts think the company can be the top player in the Ethernet application of AI. "While there remains risk heading into the 800G cycle, we continue to think Arista is well positioned." The analyst reiterated Arista as a top AI pick into 2024.
Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's Meta Marshall, Marshall, Atif Malik, Malik, capex, Michael Bloom Organizations: Arista Networks, Arista, FactSet, Barclays, Citi Locations: Infiniband
He told employees that company culture was Zoom's top issue. He asked employees to "care about our business" as Zoom looks for new ways to jumpstart growth. Zoom CEO Eric Yuan told employees during a recent all-hands meeting that culture is the company's No. 1 problem and wished all the best to anyone who wants to leave, according to a recording viewed by Insider. 1 problem we are facing is company culture," Yuan said, noting many big and successful companies have similar problems.
Persons: Eric Yuan, Yuan, Morgan Stanley's Meta Marshall
Total: 2