Arista Networks (ANET), Seagate Technology (STX) and Astera Labs (ALAB) are considered “top ideas” by BNP Paribas among semiconductor and networking stocks heading into second quarter earnings and towards the end of the year.
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If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights BNP Paribas sees them as top ideas due to anticipated strong demand catalysts linked to AI compute growth and robust fundamentals in the networking and semiconductor sectors.
BNP forecasts datacenter switch sales to grow at a 44% CAGR, reaching $114.7B, with backend switches seeing an 8x increase. Optical transceiver sales are estimated to rise to $53.1B by 2028. BNP remains bullish on the AI supply chain stocks but stays cautious on consumer-exposed names, preferring investments in compute, networking, and memory/storage subsectors related to AI