ALAB vs ANET: AI Stock Comparison

• “A substantial portion of our revenue is driven by a limited number of our end customers, and the loss of, or a significant reduction in, demand from one or a few of our top end customers…” — 10-K risk factor (filed 2026-02-20) · source
• “We rely on our relationships with leaders in the data center and AI infrastructure ecosystem to test and validate our products at a system level and our inability to continue to develop or…” — 10-K risk factor (filed 2026-02-20) · source

• “If we are unable to attract new large customers or to sell additional products and services in the AI Ethernet, Campus Workspace and Network Security Markets, to our existing customers, our…” — 10-K risk factor (filed 2026-02-17) · source
• “Enhanced U.S. trade restrictions affecting China and other countries, including export controls, import regulations, and foreign investment regulations, as well as countermeasures taken by…” — 10-K risk factor (filed 2026-02-17) · source

Astera Labs' retimers, switches and smart cable modules ship inside AI server racks, so its revenue tracks AI platform deployments closely; its 10-K flags dependence on a few large customers.

Arista sells data-center switching to the largest cloud and AI operators. AI clusters need high-bandwidth networks, making Arista a direct beneficiary of GPU deployments that scale on Ethernet.