Arista Networks stock price: ANET set for Tuesday trade after CEO flags “horrendous” memory costs
Arista Networks Inc CEO Jayshree Ullal didn’t mince words, calling memory component prices “horrendous” and warning that shortages are getting worse—driven by the ongoing scramble for AI data center gear and the resulting squeeze on parts and lead times. William Blair’s Sebastien Naji noted that Arista plans to “mitigate any negative impacts to its gross margins.” The company currently holds $6.8 billion in purchase commitments and is chasing $3.25 billion in AI networking revenue by 2026.
