Aaron Rakers

could you comment on what you are seeing specifically in China? From a competitive perspective

How are you seeing the market in India evolve around the base of iPhones and the rising middle class

should think about that as a lever and maybe a supportive factor to gross margin that might be underappreciated

can you maybe unpack some of the things that you're seeing in the Indian market as far as iPhone traction

could you provide any kind of updated thoughts around the build-out of Apple's private compute cloud and how we should think about that

I'm curious if there's been any discernible kind of change in the mix within the iPhone 17 categories between the Pro and the Pro Max versions

how much of a benefit was currency this quarter, and I guess across the business and in particular, maybe on the Services segment

how important you think it is for Apple to have their own foundational models. And kind of dovetailed with that is that, how do you think about your data center footprint

I'm curious of how you see kind of the modem strategy playing out or maybe just the continual deepening of that internal silicon opportunity for Apple

is there structurally a different level of ASP tied to that kind of CPU optimized for AI

how do you characterize the competitive landscape as we see some of the ARM introductions in the market

Just any double click on what you've seen for the MI455 and Helios platform from a demand shaping perspective as we look into the back half of the year?

how you think about the updated views on that AI silicon TAM as we look forward.

if there's a way to unpack how we think about unit growth versus ASP expansion as we move through the Turin product cycle.

is there no kind of finished inventory there? Does that come back? Do you have any reversal aspects of that once the license gets approved?

how can we conceptualize what you're expecting in the server side? And where do you think your market share is today in traditional enterprise servers

Should we assume that in the back half with mixed attributes to be considered that you would see a return to that 54 plus percent gross margin

if we were to take out the $700 million impact from China, would the expectation still be flat for the year?

Are you assuming that you are down sequentially in data center in total in 1Q? And how do I frame that relative to seasonality?

how we should think about framing the GPU, the instinct business, as we think about 2025?

Any updated thoughts on adding one or two new customers at 10% plus

how much you are factoring, if any, from scale up networking opportunity

can you unpack the gross margin drivers in this quarter in terms of the guidance? How much is tariff related

whether or not that's factoring at all into kind of what you're seeing currently

is it tied to kind of the distributed Etherlink platforms or the 51.2T silicon

when you see announcements like Stargate, and obviously, Stargate has the involvement of one of your newer cloud titan customers

I'm curious if you could give us your thoughts on how the company thinks about capital return versus the thoughts on M&A and the strategy going forward

you've got a very significant increase implied in your AI order intake into fiscal 4Q, up from $1.9 billion

One of your competitors recently alluded to just things getting even tighter and even threw out the comment of possible decommits

an update of the relationship, the engagement you've had with NVIDIA and how much that started to become maybe a driver

how you view scale up as an opportunity for Cisco. What have you been doing? When does that start to maybe materialize

how has that evolved? And have you guys been engaged in deepening kind of super spine or even scale across opportunities

a $2 billion pipeline. I think the slide deck says $200 million on orders this last quarter. How do we expect that to progress

does that reflect conservatism? Is there any change in the demand environment that you're factoring in

is that currently in your order book, the $600 million you saw this last quarter

Can you just give us an update on what you're seeing in the data center switching side and if that really becomes a catalyst year

Would you say that, that is kind of the point of inflection like the majority of your AI wins are tied to that 51.2 T silicon

help us appreciate maybe the WiFi 7 upgrade cycle that you're starting to see

how you would characterize the competitive positioning of Nvidia in the Ethernet back-end network side

how you see the AI back-end possibly leading into front-end opportunities. Have you seen that at all

When I look at the slide deck and you talk about $9,500,000,000 of AI shipments, you are now disclosing an AI revenue number that is a little bit different

I'm curious if you could talk a little bit about what you're seeing as far as the aged installed base, where we're at in the upgrade cycle

what is your ability to kind of flex upward and the capacity to see continued upside to even that $20 billion?

how would you compare the margin profile of those relative to the AI business on, let's say, the Hopper product cycle?

how do you think about the cadence of shipping Blackwell in volume? And do you have any thoughts around the GB200 NVL?

how would you characterize the lead times that you're seeing on traditional servers today relative to what they were, let's say, 3 months, 6 months ago

how that's changed or how your views have kinda structurally changed over the course of the last three months and whether or not the gross margin pressure you might be seeing, is there any kind of ...

Where does HPE stand on that platform shipping those system configurations? When do you think that those would ship in volume for HPE

how would you characterize or define normal seasonality in the fiscal second quarter

Any way to frame the current views on that $0.30 headwind or how that's evolved or changed relative to the current updated guidance

any of the data that you look at just sizing how large this AI are, this Windows installed base -- aged installed base looks to be

the progression of your CPU on the server side, Xeon to Diamond Rapids, Coral Rapids and really kind of closing that gap

how you would frame the level of constraints that you see in the guidance this quarter

you talked about hitting $1 billion of run rate business. How do we think about the progression of that? And how broad is the customer base within that opportunity set?

I'm curious of how you guys are seeing customers react to memory. Is there a potential demand disruption in the PC market?

I think there's been some -- also some recent reports about maybe using Gaudi for some dedicated inference workloads within a stack of NVIDIA. How do you -- is this relationship a starting point?

Can you just update us on how we think about the NCI, the noncontrolling interest expense, as we look through this year and think about that

I think in the past, you talked about a $500 million headwind this year and then that going to like $1.3 billion to $1.5 billion next year

Do you think that that's a function of Diamond Rapids? And if so, can we at all think about the timing of Diamond Rapids

that's exclusive of the pending divestiture of 51% stake in Altera. I guess that's just a point of clarification

how you think about, you know, RackScale, you know, networking and the pieces that Intel has internally to really compete

when you report EPS on a non-GAAP basis, that's in that EPS number, just so we -- I'm modeling it correctly

Can you give us a framework of how you would define success looking through 2025

there is been a lot of dynamics that have changed since you guys have provided a longer term you know, growth framework

Is there any kind of onetime items this quarter? Or is that a good durable level of gross margin

I'm curious, as we progress through this year with 20% growth, how you view the current kind of operating -- incremental operating margin leverage

I'm curious if there's an ability to unpack how much those are contributing to the business, how much they're necessarily growing

I'm curious about what your thoughts are with regards to that. When do we expect to see the volume deployments from the market

How are you thinking about the achievement of getting to that 31% to 32%

what's the mix of the contribution that really AI drives to the Keysight story? And how do you see the durability

Is that how we should kind of think about the story playing out at this point as we look out into fiscal '26

can you just remind us again of how we think about the incremental margin for the company

can you talk a little bit about the wireless business. That I think, previously talked about is kind of think of that as being stable

have you seen any areas of concern or any kind of churn in programs, et cetera, around some of the federal dynamics of spend

I want to ask you about the wireless piece of the business. It seems to be recovering

I think you mentioned in your script that you had a I think new, XPU or custom, I guess, socket wins. Can you just provide any additional color

we've seen some massive upward provisions in CapEx. I think most people look at that and say, "Hey, we're looking at like 60% plus growth this year." Do you think you can grow at that level

how Marvell sees this opportunity moving from just not scale out and scale up but scale across DCI

how concentrated are you amongst your lead customer? And if we look out, let's say, 6 months or even 12 months from now

is that also a compute opportunity or is that referring to the NIC custom NIC opportunity that you're currently engaged in

Trying to kind of frame the impact that you're thinking about from the underload. Is it 100 basis points? Is it 200? Is it less?

How would you characterize your views of that ramp and where you think Micron's relative share position is within those -- that LPDDR5x data center opportunity?

give some color on the early feedback you are seeing on AFX and AI Data Engine

what are you seeing from a pricing perspective, particularly on NAND flash? What's kind of embedded in your gross margin assumptions today?

Are you seeing customers actively maybe move away from deciding to go all-flash back to hybrid, maybe Keystone versus CapEx-centric purchases?

I'm curious to how the company is managing that. Have you leaned in on any kind of strategic purchases? And any thoughts on the duration of those strategic purchases

how quickly could you pass those through? Is that within a given quarter?

you had mentioned some comments in your prepared remarks around just sales execution. I'm curious if you could double-click on that

is it -- did I hear it right, it's now about 80% of that public cloud business. And if so, why would -- why would mid-teens growth be right

what's the importance of Vera plays in this architecture evolution

I'm curious if your thoughts around the role that AI ASICs or dedicated play

the Spectrum XGS announcement this week

color around the strength you saw within the networking business

two-year anniversary of really the Hopper inflection

are you shipping the GB200, the NVL72 today? And or if not, is that a significant factor as far as volume shipments

can you walk us through the variables that drove the sequential change in gross margin this last quarter

you mentioned $5 billion of inventory coming out of this quarter. Any thoughts of where that might trend coming out of this next quarter

how are you thinking about the KV cache opportunity as we see agentic AI grow?

Looking at Stargate starting to ship for revenue in April, can you give some color on how meaningful that ramp could be

how you assess kind of the enterprise SSD market opportunity relative to hard disk drives

What should we be thinking about? Are we down sequentially in the March quarter?

how do we think about operating expenses? I think your prior target was to kind of maintain roughly 10% OpEx to revenue

As we roll out the 4 terabyte per platter Mozaic drive, how do I think about that cost down curve?

Has your thoughts at all changed whether or not that, that's structurally just looking forward just higher relative to what you initially thought

I guess why would that be? And then the second question is kind of tied to that is that as we see the generation of free cash flow

would you say even today as you're initially ramping HAMR that your HAMR gross margin is accretive to the hard disk drive only gross margin?

how you are thinking about the capacity to fulfill that demand. Is it a continued ability to just mix higher

any updated thoughts on how you are thinking about capital return—building cash on the balance sheet versus returning

how do you think about the durability of that incremental margin? Or maybe taken another way, how do you think about the cost curve down on a per terabyte basis as we look out over the next, call i...

I'm curious if you could unpack that a little bit more if there's further room above and beyond the 36 terabytes that you see for UltraSMR

curious if you have any thoughts on how we should maybe think about seasonality or whether or not that even applies for the March quarter

One of the metrics that you guys have historically given and helps kind of bridge the hard disk drive versus the non-hard disk drive business was the ASP

how do you think about excess cash generation or the right level of cash on the balance sheet that you'll operate the business at

is there anything structurally in the business or kind of the path forward that keeps us from thinking that gross margin could trend into that mid-40%

you did point out that, it reflected all known or anticipated tariff impacts. I'm curious, if you could unpack that a little bit

if I think about the 20 to 30 million that you talked about as being underutilization charges in the current quarter

is there any way to frame how we should think about the underutilization impact into the fiscal fourth quarter