Arista Networks remains a top pick for hardware/capex exposure, supported by robust AI-driven demand and market leadership. ANET projects its total addressable market to reach $105 billion by 2029, up from $60 billion by 2027, driven by AI networking needs. Despite supply constraints, ANET sustains ~30% revenue growth and expects a 25% CAGR through 2028, with 60%+ gross margins reflecting pricing power.