Arista's AI fabric backlog nearly tripled to $9.7B while Broadcom's AI semiconductor revenue surged 143% to $10.8B in their latest quarters. Marvell gained 176% year to date as accelerating interconnect demand pushed management to raise FY27 revenue guidance to $11.5B. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn't make the cut.
Grab the names FREE today. The connectivity layer of AI infrastructure has become the most reliable profit center in the buildout. While attention concentrates on GPUs and hyperscaler capex, the switches, optics, and custom networking silicon that stitch clusters together are compounding at rates rivaling accelerator vendors.
Three names have separated from the pack: an Ethernet fabric specialist, a custom silicon giant with a networking moat, and a rising optical interconnect leader. Each posted a beat-and-raise in its most recent quarter, and each is priced for continued acceleration. Here is the bull case for each, backed by the numbers.
The networking layer is exactly the kind of non-GPU AI exposure we mapped in a free report on seven suppliers powering the buildout, from power and cooling to the fabric itself. Arista Networks (NYSE:ANET) has become the default choice for hyperscalers standardizing on Ethernet-based AI fabrics. Shares are trading at $201.80, up 19.68% over the past month and 54.01% year to date.
The Q2 FY26 earnings report on August 4, 2026 confirmed the thesis. Revenue reached just over $3 billion, up 37.7% year over year, with non-GAAP EPS of $1.02 against a $0.89 estimate. It was Arista's fifth consecutive EPS beat.
Full-year revenue guidance was raised to $12.6 billion, representing 40% annual growth, and the AI fabrics goal moved to at least $3.5 billion. CEO Jayshree Ullal framed the scale plainly: "Our AI fabrics momentum with EtherLink switches now exceeds 100 cumulative customers from the initial four to five customers I spoke of in 2024." The 7060XE7 platform delivers 100 terabit capacity and 1.6 terabit throughput with first liquid cooling options, and multi-year purchase commitments have nearly tripled from a year ago at $3.6 billion to approximately $9.7 billion by the end of Q2 2026. Analyst sentiment is uniform: 97% bullish with 29 buy/strong buy ratings and zero sells, with a target of $241.82.
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