Arista, Seagate and Astera Lead AI Picks
Yahoo Finance ·
Arista, Seagate and Astera Lead AI Picks Moz Farooque ACCA Wed, July 15, 2026 at 2:42 PM EDT 1 min read BNP.PA ANET ALAB STX AMD This article first appeared on GuruFocus . Arista Networks ( NYSE:ANET ), Seagate Technology and Astera Labs emerged as BNP Paribas' top AI supply-chain ideas as the bank stayed bullish on compute, networking and storage demand into 2027. Analyst Karl Ackerman said the next major demand catalyst may not arrive for another quarter, but he still favors companies exposed to agentic AI CPUs, custom processors, 200G networking chips and 1.6T optical transceivers. BNP raised AMD's ( NASDAQ:AMD ) price target to $600 from $460 and Astera Labs' target to $475 from $260. Warning! GuruFocus has detected 6 Warning Sign with ANET. Is ANET fairly valued? Test your thesis with our free DCF calculator. Arista builds high-speed networking switches, Seagate makes data-storage products, and Astera Labs supplies connectivity chips used inside AI servers and data centers. BNP expects data-center switch sales to grow at a 44% compound annual rate, reaching $114.7 billion by 2028 from $26.9 billion in 2024. Backend switching could expand nearly 8-fold to $78.6 billion, while optical transceiver sales may reach $53.1 billion.
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