234 annotations
Those are going to be huge productivity uplift, and I think it's going to drive a refresh cycle.
(No comment added)
Transcript
2024 Q3
27 Dec 23
Backlog, the number I'm going to give you is the Q3 exit backlog was $1.6 billion. Orders nearly doubled, pipeline tripled.
(No comment added)
Transcript
2024 Q3
27 Dec 23
with a TAM of $200 billion growing at a 7% CAGR
(No comment added)
Transcript
2024 Q3
27 Dec 23
our internal model would have the PC market growing somewhere in the low single digits, think 3% to 4%, you would expect us to grow to take share
(No comment added)
Transcript
2024 Q3
27 Dec 23
8 quarters of decline, an aging installed base and installed base of greater than 1.5 billion units, 750 million of them over 4 years, all $300 million more coming next year
(No comment added)
Transcript
2024 Q3
27 Dec 23
There'll be 300 million PCs turning 4 years old next year. That's typically a tipping point for upgrading in commercial. And most of those are notebooks.
(No comment added)
Transcript
2024 Q3
27 Dec 23
I'm not using that word recovery, but something's changed
(No comment added)
Transcript
2024 Q3
27 Dec 23
improved conversion makes us still comfortable that something's changed
(No comment added)
Transcript
2024 Q3
27 Dec 23
it's been an 8-quarter digestion period, the longest that I can recollect in the server business
(No comment added)
Transcript
2024 Q3
27 Dec 23
it's been an 8-quarter digestion period, the longest that I can recollect in the server business
(No comment added)
Transcript
2024 Q3
27 Dec 23
the backlog that we've talked about is NVIDIA-based 39-week lead time
(No comment added)
Transcript
2024 Q3
27 Dec 23
It's 39 weeks. We're trying to continue to get more supply.
(No comment added)
Transcript
2024 Q3
27 Dec 23
It's 39 weeks. We're trying to continue to get more supply.
(No comment added)
Transcript
2024 Q3
27 Dec 23
The pipeline is NVIDIA pipeline today. It's not an alternative pipeline, it's NVIDIA pipeline.
(No comment added)
Transcript
2024 Q3
27 Dec 23
You mentioned 39 weeks of delivery time or lead times.
(No comment added)
Transcript
2024 Q3
27 Dec 23
I think I mentioned 3% to 4%. That would take the market from roughly 250 to 260 next year.
(No comment added)
Transcript
2024 Q3
27 Dec 23
Is it possible there's double booking? I can't sit here and tell you that there's not. I don't -- from my seat, I don't see it.
(No comment added)
Transcript
2024 Q3
27 Dec 23
Customers are cautious historically as the server business rebounds and recovers, we think our experience tells us that storage lags it by about a couple of quarters.
(No comment added)
Transcript
2024 Q3
27 Dec 23
the effect of 8 quarters of server decline has impacted storage
(No comment added)
Transcript
2024 Q3
27 Dec 23
We do see customers cautious. A large concentration of the storage businesses in very large customers, and they're absolutely being cautious and selective.
(No comment added)
Transcript
2024 Q3
27 Dec 23