Stacy Rasgon

how are you thinking about the trajectory of achieving that 20% growth as we get through the year?

is the limit on that growth right now is simply just cleanroom space?

how do we think about the first half relative to the second half given the lift in the second half

was China significantly stronger than you expected? And if that's the case, it feels like the non-China business feels weaker

I wanted to go back to your commentary just very quickly to make sure I have it on the segment growth for next quarter

you'd said that you returned to sequential growth in Q3. But this is not sequential growth. This is kind of flattish to maybe even down

how do I square that circle on what's offsetting the China impact in the second half

how should we think about the ramp of that OpEx and that spending number as especially as the GPU revenue starts to inflect?

the $100 million in China revenue in Q1, does that also drop through at zero cost basis like we had in Q4? And is that a margin headwind?

What does that mean? Is that like more than 20%? Or like how do I think about what you mean by strong double digits?

for data center in the quarter, what grew more year-over-year on a dollar to percentage basis, the servers or the GPUs?

Which mean it would have down at least 20% sequentially maybe more which also implies the server CPUs in Q1 were up sequentially

do you think that GPU business actually grows year-over-year in Q2 and Q3?

Am I doing something wrong with my math? Or like what am I missing here?

do you think your exit rate on GPUs in '25 is higher than your exit rate in '24. Are you willing to commit to that?

is my math around the gigawatts you plan to ship in '27 correct? And how do I think about your content per gigawatt as that ships?

As this AI revenue starts to ramp, as we start to get system sales, how should we be thinking about that gross margin number, say, if we're looking out, you know, four quarters or six quarters

Was wondering if you could help me parse out this $110 billion backlog. Did I that number right? Could you give us some color on on on the makeup of it?

if you grow 60% year-over-year in Q4, it put you at like, I don't know, $5.8 billion, something like $19 billion or $20 billion for the year. And then are you saying you're going to grow 60% in 202...

I wanted to ask was is there any concern about some of the new regulations or the AI diffusion rules that are gonna get put in place supposedly in May impacting any of those design wins or shipments

both DCAI and client to be down pretty meaningfully. And the client's down more -- I mean maybe DCAI is down high single digits and clients' down like mid-teens. But I guess, number one, is that true?

you have $11.6 billion of inventory. And yet, it's not in the right place at the right time. Like how does that happen?

it doesn't look like customers want your AI products. In fact, they can't get enough of the older stuff. So I guess, you -- I mean, you must have plenty of supply for Granite and for Meteor and eve...

I thought I heard you say, number one, the yields would not be in a great place at least until the end of next year. And then I thought I also heard you say that you were not going to be adding a l...

Is $9 billion actually on the table? Or is it closer to $14 billion? Or like what do you guys actually have in mind?

So I guess that would suggest 14A, if it comes out, would be 2029 at the earliest

how do I think about, like, the launch of those new products given, like, demand seems to be pivoting back to the older products

why are you seeing so much more demand for the older generation parts versus new ones? Or is it, I mean, are you pushing the older gen stuff

Do you expect that to persist through the year? And how do you think about that competitiveness

Why are all three product segments down equally when it sounds like you've gotten more headwinds just on the surface

What are your thoughts on, I guess, recovery of that revenue?

where is the share gains? Given that half over half in the second half that you're talking about?

What does that imply for the first half of the calendar year? Like, is is March quarter the trough

can you give us maybe a little more color on the non-China offsets that are enabling you to overcome a headwind from China

Is December really a view of conservatism as you expect this as a onetime kind of come back from the China up?

does that have any implications for the sustainability of gross margins at this level given that China business has tended to have higher gross margins?

I don't mean to harp on it, but I want to go back to the CSBG outlet flat. So just on a run rate basis

How do you see that as we go through the year, especially as Rubin ramps into the back half

you're working to hold them in the mid-seventies

apportioning that $7 billion out across Blackwell versus Hopper versus networking

I just wanted to dial in on the gross margin expectations explicitly for Q4. So you talked about loadings and and everything else

What if how do I should I think about normal seasonality, like, pre-COVID levels for Q1

you seemed really confident that the cyclical recovery was here, and we were kind of off to the races. And now I'm hearing you kind of saying you're staying flexible

it seems like you're guiding gross margins probably down sequentially implicitly on revenue growth. I guess is that the case

what have you seen on, I guess, any acceleration in in the order rate you know, during those, you know, kind of two weeks post tariff

you said at first that you didn't see any pull forward, but then you talked about customers wanting to hold more, which sort of seems like the definition of pull forward