"Nvidia really sounded great about networking," he wrote, noting the 64% sequential increase in revenue for the segment. Admittedly, sales were depressed in the prior quarter as

the company worked out the timing of its Blackwell ramp. Nvidia noted that its Ethernet Spectrum-X product is now nearing an $8 billion revenue run rate, and it's won deals with

Alphabet and Meta. What's good for Nvidia isn't necessarily good for Arista, however, as the company is also in the networking game. Arista shares are down nearly 5% in

Thursday's late morning action.