Arista concerns related to Meta ‘misplaced,’ says Wells Fargo

Wells Fargo notes that Arista Networks (ANET) published a blog post outlining Meta Platforms’ (META) deployment of the Arista 7700R4 Distributed Etherlink Switch, or DES, for the company’s latest Ethernet-based large-scale AI cluster. Arista’s blog comes as shares have seemingly come under some pressure today following Meta’s Minipack 51.2T switch announcement, but the firm thinks “any concerns are misplaced.” Wells has an Overweight rating and $390 price target on Arista shares.