Why Arista Networks Stock Soared Today

Arista Networks (ANET 6.85%) stock surged in Wednesday's trading. The networking hardware company's share price ended the daily session up 6.8% and had been up as much as 8% earlier in trading. Meanwhile, the S&P 500 index closed out the day up 0.6%, and the Nasdaq Composite index ended the session up 1.2%.At the White House yesterday, leaders from OpenAI, Oracle, and Softbank announced they had formed a new joint company that will invest up to $500 billion in U.S. artificial intelligence (AI) infrastructur ...