Stocks Surge as Trump Backs Away From Europe Tariffs Linked to Greenland Deal

/ By / ANET

The stock market staged a strong rebound on Wednesday after President Donald Trump backed away from proposed tariffs on European countries tied to a Greenland deal framework, easing geopolitical tensions.

Overall, S&P 500 S&P 500 and NASDAQ jumped 1.2% to 6,876 and 23,225, respectively.

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Here is the one-year chart of Arista Networks (ANET) as of December 24, 2025, when the stock was at $131.

Arista Networks, an industry leader in data-driven, client-to-cloud networking continues to see strong momentum across cloud and AI giants, new cloud providers, and large enterprise customers.

Management stated the company works closely with NVIDIA (NVDA) and is also building an open AI ecosystem with partners like AMD, OpenAI, and Anthropic to support a complete AI stack for training and inference. Strong demand for Arista Networks’ AI networking solutions has fueled rapid growth in its backend AI business, scaling from zero revenue in 2022 to hundreds of millions in 2025.

ANET is part of the Growth Stock Portfolio and Aggressive Growth Portfolio. It’s a core tech holding for us.

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