17 March 2026 | 6:21PM EDT Equity Research Americas Technology: Hardware: Data center & campus equipment 4Q25 market share and outlook update BOTTOM LINE: We update our industry networking and server models to reflect the latest available 4Q25 data from 650 Group. 650 Group upgraded its outlooks for the AI data center switching & AI server market, with (a) the AI data center switching market now expected to reach ~$87 bn by 2030 at a 51% 2025-2030 CAGR (v. $84 bn on prior 3Q25 forecast) on raised 2026-2030 ...