Antonio Neri

Well, look, I'm very pleased that we returned the entire server segment, inclusive of AI, to approximately 10% operating profit in Q4, which was our commitment since Q1.

And regarding cost of commodities, it's first to, we need to recognize that the cost of commodity will be driven by the shortages we are going to experience in the latter part of 26, starting the second half, particularly in DRAM and obviously as well NAND.

And we already enacted price increases in the month of November, and we already factor what we think is going to happen, at least the best line of sight we have, in our guidance.

And that's why not only we reaffirmed the revenue guidance, but we also raised our non-GAAP EPS guidance, considering what we see going forward.

Yeah, I think enterprises are accelerating adoption.

I give you my own example here at HP.

We already have 100 plus use cases in production using AI across a number of functions and business units.

And obviously, we use AI for our own products.

which is one poor differentiator for us in the market.

But in terms of where the work is being done, it's done everywhere.

But we see now the growing in inferencing, which tells you that AI is being deployed.

And there are a lot of use cases, whether it's manufacturing, transportation, healthcare, where the inferencing is cheaper.

at the edge where things takes place, where the data is generated.

And then obviously is the training aspect, which can be a combination of locations.

And in Europe, for example, this concept of sovereign AI clouds is super important because they want to preserve the sovereignty from a model perspective and the data.

So it's a hybrid design by design.

And that's why I always say AI is the true definition of a workload.