Dan Ives

I think it's ultimately, it's monetization of AI, right?

In other words, it's the build out what the use cases look like, not just on the enterprise and on the consumer side.

And it will get to race, right?

Like from Meta to Microsoft to, you know, whoever from a CapEx perspective, that continues to be the focus, the monetization.

And I think that's really going to define the winners.

I think it's the monetization from Azure and what you see from AI.

I think the reality is that 30% of the Microsoft deals are tracked and have been accelerated when it comes to AI over the last few months.

So as that plays out and the forecast plays out and they reiterate their capbacks, I think it's further validation that when it comes to the enterprise, Microsoft's going to be the core winner when it comes to AI.

I thought they were robust.

And I think to some extent when you factor China in, they actually beat expectations, especially when you look at the outlook.

I think there's a stock that's up today.

And I think it further validates what we obviously have been talking a lot with you and the team about, about the AI story now playing out into the next stage of growth.

This is bullish in my opinion.

I think it just shows there's one ship in the world fueling the AI revolutions, led by Godfather of AI, Jensen Evidence.

And you look what's happened on CapEx, it's just continuing to accelerate.

And then you factor in China, that could be 50 billion.

I mean, and Jen's talking about the 50% growth.

Look, I think this is just now, it's showing the next phase of the AI revolutions now starting to play out, especially when you combine it with hyperscalers and everything we've seen from Palantir, now Snowflake, MongoDB, the use cases are expanding.

Yeah.

Paul, look, they're caught in the middle between U.S.