$ANET · Chip Stock Investor · 2026-11-06
Arista 与 Nvidia 是截然不同的生意，尽管 Nvidia 曾侵入其地盘；Arista 非但未被颠覆，反而蓬勃发展，如今还在做可能反过来颠覆 Nvidia 的事情。其业务横跨计算、网络与存储，预计将与 10 多家 AI 加速器公司合作，因此说话者继续同时持有 ANET 和 Nvidia。
逐段跳播
首先是 Arista Networks。我们对计算系统的三个部分做了一些调整，不同于我们旧的设计。但这说明了系统的三个部分——计算、网络和存储系统——而 Arista 现在在这三个领域都有布局。
First, Arista Networks. We've done a little bit of a rework on this three parts of a computing system from our old design. But this illustrates the three parts of the system, the computing, network, and storage systems, and Arista now plays in all three.
虽然 Arista 是一家网络公司，但他们现在正在构建能与计算机其他部分——计算以及存储系统——协同工作的系统。
While Arista is a networking company, they're now building systems that work with the other parts of the computer, the computing as well as the storage system.
但 Arista 在财报电话会议上表示，他们现在预计将与超过 10 家 AI 加速器公司在计算方面合作，还有各种存储解决方案。
But Arista has said on their earnings call, they're now expected to be working with over 10 AI accelerator companies on the compute side of this equation, various storage solutions as well.
他们有一款新的 MCP 产品，可以让你用自然语言与网络交互，它会自动去查明你的网络里正在发生什么。我们认为，Arista 是一种与 Nvidia 非常不同的资产、非常不同的业务，尽管 Nvidia 当时正在侵入 Arista 的地盘。
They have a new MCP product that allows you to interact with your network in natural language, and it'll go out and just find out what's happening within your network. We contended that Arista is a very different type of asset, very different type of business than Nvidia, even though Nvidia was encroaching on Arista's turf.
而你看，两年后，Arista 非但没有被颠覆，反而蓬勃发展，并且正在做很多新东西，这些新东西实际上给 Nvidia 自身带来了新的竞争和潜在的颠覆，而不只是反过来、Nvidia 可能颠覆 Arista。
And lo and behold, two years later, far from being disrupted, Arista has thrived and is working on a lot of new stuff that actually brings new competition, potential disruption to Nvidia itself, rather than just the other way around, Nvidia potentially disrupting Arista.
所以，我们继续在投资组合中持有这两家公司，并认为继续持有两者有非常充分的理由。
So, we continue to hold both in our portfolio and think there's a really good case to be made for continuing to hold both.