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ANETArista Networks
High-performance Ethernet switching for AI clusters; Nvidia-networking challenger.
Plate I — Pillar-Purity Score
9/ 10
Ethernet AI-cluster networking — the Nvidia-networking alternative.
Methodology — How we score
Plate II — The Thesis
Why it’s on the list.
Arista's Ethernet switches are the default answer when hyperscalers don't want Nvidia InfiniBand. AI-cluster switch revenue is the fastest-growing segment. Ultra Ethernet momentum is the next leg.
Plate III — Supply Chain
Upstream & downstream.
See the full chain plate for all 37 names.
Upstream — what feeds ANET
Downstream — where ANET feeds into
Plate IV — Thesis Breakers
What would invalidate this.
- Risk 01InfiniBand retains AI share
- Risk 02Broadcom becomes direct competitor
Plate V — Also on the Steel plate
Siblings by pillar.
- VRTScore 10Power and cooling infrastructure; leader in liquid cooling for dense AI racks.
- SMCIScore 9Server integrator; Nvidia's preferred rack-scale system builder (governance risk noted).
- EQIXScore 8Largest global colo REIT; interconnection hub between clouds, carriers, and enterprises.
- DLRScore 8Number two colo REIT; hyperscale wholesale exposure across six continents.
- MODScore 8Cooling systems; the cheaper, less-covered Vertiv alternative.
Close
Next earnings: 2026-05-05.
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Research only. Not investment advice. Do your own diligence.