Tuesday 18 August 2026 · No. 1
The 1.6T race is a 2027 story. 800G cash, scarce optics, and MRC already in production will decide the next two quarters
Arista’s first $3 billion quarter, Cisco’s $9.3 billion AI-infra book, a ~30 percent optics short, and MRC already training models at OpenAI, Fairwater, and Abilene.