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Updated · MarketWatch · May 7Arista Networks stock slips for fifth straight day
13 articles · Updated · MarketWatch · May 7
- Shares fell 3.61% to $141.75 on Thursday as the S&P 500 dropped 0.38% and the Dow Jones Industrial Average lost 0.63%.
- The stock finished 21.16% below its 52-week high of $179.80 reached on 24 April, though it outperformed Lantronix and HP while trailing Silicom.
- Trading volume reached 18.1 million shares, well above its 50-day average of 7.6 million, during a broadly weak market session.
Arista's AI outlook is booming, so why did its strong earnings report trigger a massive stock sell-off? Can Arista's AI dominance last if power grids and chip shortages create an industry-wide bottleneck?