Lisa Mateo

About 50% of data center demand was from hyperscalers, but they are looking at sovereign AI and the like.

Are we needing to hear more about growth in China, for example, which, again, isn't being factored into the forecast?

How much can we support that the capital expenditure is going to last through 2027 fiscal?

In your risks to rating column in your research note, very clearly hyperscale spending is a leading indicator for AI demand.

Jensen Wong was asked that on the call.

This is what he said.

He was asked about capital expenditures growth going forward.

His answer was confidence in cash flows, because of course, cash flows have been impacted by the CapEx commitment.

He didn't really answer the question, but what did you interpret from what he did say?

Very quickly, Jensen Wang sprung to the defense of the software industry.

Is the ecosystem of his other customers healthy?

Srini Bajuri of RBC Capital Markets, thank you very much.

Coming up, Snowflake CEO joins us to talk about his company's earnings and the fears of AI-driven disruption.

That's one mover to the upside.

This is Bloomberg Tech.

Snowflake, another of the tech names that released earnings yesterday after the bell.

And as investors look for signs of AI adoption or disruption, its forecast product revenue for the current quarter will be about $1.26 billion.

That's up 27%.

They reported more than 9,000 accounts using Snowflake AI features.

Shares, you can see, up 3.7%.