Arista Networks proves their AI beneficiary status through the twice-raised FY2026 guidance, supported by the growing purchase commitments and the expanding interconnect TAM. This is on top of the expanding hyperscaler/neocloud monetization trends, with further growth expected through the new scale-up/out/across Ethernet offerings and the upcoming CPU renaissance. The recent correction has triggered ANET's cheaper P/E of 45.74x and 3Y PEG of 2.06x, with the macro/AI funding pessimism triggering a dip buying opportunity.