Workflow
This Magnificent Artificial Intelligence (AI) Stock Jumped 90% in 2024. It Could Soar Over the Next 3 Years.
CIENCiena(CIEN) The Motley Fool·2025-01-04 06:00

The demand for faster connectivity in data centers has been increasing of late to support artificial intelligence (AI) workloads, and this demand has rubbed off positively on companies such as Ciena (CIEN 0.44%) that are in the business of providing networking components.Though Ciena may not be a household name in the AI space, shares gained roughly 90% in 2024. What's more, Ciena continues to trade at an attractive valuation, and its latest results indicate that the stock's impressive rally is here to stay ...