| # | Company | Market | Market cap | % of segment | Today | 30 days | Close | Country |
|---|---|---|---|---|---|---|---|---|
| 1 | Cisco Systems CSCO | US | $442.4B | 47.9% | +3.16% | 112.20 USD | USA | |
| 2 | Arista Networks ANET | US | $261.5B | 28.3% | +1.40% | 207.35 USD | USA | |
| 3 | Nokia NOK | US | $59.3B | 6.4% | +2.22% | 10.60 USD | Finland | |
| 4 | Ciena Corporation CIEN | US | $55.5B | 6.0% | +3.22% | 391.34 USD | USA | |
| 5 | Ericsson ERIC | US | $30.3B | 3.3% | +0.76% | 9.29 USD | Sweden | |
| 6 | ZTE 000063 | SZ | $21.8B | 2.4% | -0.46% | 30.58 CNY | China | |
| 7 | Centec Networks 688702 | SH | $17.4B | 1.9% | -6.36% | 284.91 CNY | China | |
| 8 | Ruijie Networks 301165 | SZ | $16.7B | 1.8% | -2.09% | 100.74 CNY | China | |
| 9 | Unisplendour 000938 | SZ | $13.2B | 1.4% | -1.62% | 31.02 CNY | China | |
| 10 | Fujian Star-net Communication 002396 | SZ | $3.7B | 0.4% | -0.79% | 32.60 CNY | China | |
| 11 | Shenzhen Feilingkesi 301191 | SZ | $1.1B | 0.1% | -2.87% | 76.22 CNY | China | |
| 12 | Hengwei Technology 603496 | SH | $1.0B | 0.1% | +0.00% | 21.97 CNY | China |
The Networking & Switching segment of the AI compute value chain covers 12 listed companies across 3 markets (SH, SZ, US) and 4 countries/regions (China, Finland, Sweden, USA). As of October 04, 2026, the segment's combined market cap is $924.0 billion ($924.0B) — 3.6% of the $25.33T tracked across the whole chain.
Cisco Systems leads the segment at $442.4B (47.9% of the segment), followed by Arista Networks ($261.5B) and Nokia ($59.3B). Top-3 concentration is 82.6%.
For the full analysis of this segment — boundaries, competitive landscape, key tracking variables and where A-share names fit — read the Chinese version.