Arista stock dips as Big Tech AI-spend doubts hit Nasdaq; ANET earnings in focus
Arista Networks shares fell about 1% to $148.63 Thursday afternoon amid a broader tech sell-off following Microsoft’s earnings. Investors are focused on Arista’s Feb. 12 results and management’s outlook for cloud and AI demand. The stock had climbed 2.4% in the previous session. Wall Street indexes slipped as traders questioned whether AI spending will boost profits or lead to cuts.