Is NVIDIA actively bundling Spectrum-X with GPU sales, forcing customers to choose?

AI Cloud Networking is the existential bet — the single largest contributor to Arista's stock price. Revenue is guided to double in FY2026, but NVIDIA Spectrum-X surged from zero to roughly match Arista's data center market share in approximately 18 months. This is the fastest competitive threat in...

Enterprise and Core Networking is Arista's stable base — the foundation of proven, recurring revenue that supports the AI Cloud bet. Arista's Enterprise/Financials customers account for approximately one-third of total revenue, with steady growth driven by data center refresh cycles and the newer...

The Growth Premium captures the value of Arista as a platform company rather than a hardware vendor. EOS (Extensible Operating System) runs as a single binary image across every Arista product, creating operational tooling and automation that builds switching costs over time. With over 10,000...