Chuck Robbins

They don't view this as something that's nice to have.

They don't view it as something that is okay if we're successful, great.

If we're not, great.

They view it as existential, which you see with the level of spending that they're putting into it.

It's a lot and it's moving fast.

But the difference between now and 2000 is that these are massive companies with strong financial performance and they believe in this 100%.

So I don't think it's going to change.

We haven't gotten into physical AI.

We're just getting into synthetic training.

We haven't gotten into robotics.

We haven't gotten into the enterprise in a big way yet.

And so there's a huge opportunity ahead for all of us, I believe.

Well, I think you said that last quarter, so you proved to be correct 90 days ago.

But look, I think based on what we know today, we're 90 days into the year.

We're taking what we have in our backlog, what we see in the forecast.

But again, we have three more quarters to play out.

Lots of things can change.

The world's very dynamic.

But we're very confident in the numbers that we put up yesterday.

I thought it was a good quarter overall, and frankly, versus Wall Street, we beat expectations by 6 cents.