Arista Networks Stock Forms Base, Poised for AI Growth Despite Slowing Revenue
- ANET stock forms flat base, makes it actionable as IBD Stock of the Day
- Shares found support at 50-day/10-week moving average this week
- Seen as a play on AI investments by tech firms and cloud giants
- Revenue growth slowed in 2023, projected to be just 12% in 2024
- Technical ratings strong Composite Rating 98, Accumulation/Distribution B