Tech giants are on a historic spending spree, committing tens of billions of dollars to build out their artificial intelligence (AI) infrastructure. This massive wave of capital is flowing directly to the companies providing the essential equipment, and Arista Networks (NYSE: ANET) is proving to be a primary beneficiary.
With its stock already up over 24% year-to-date, the company's recent second-quarter financial results provided even more fuel, leading management to raise its full-year revenue growth forecast to an impressive 25%.
