Nikesh Arora

fits right bank smack in the middle of where the market's going.

If you look at what you guys were talking about before this, you're talking about Nvidia, AMD.

Eventually, all this compute power is going to result in people building faster and more and more relevant applications to the end consumer or enterprises.

All those applications have to be observed and make sure they don't

have problems or go down.

And that's what Chronosphere does.

It observes applications and infrastructure and makes sure you have 99.9% uptime.

And then we are going to combine that with our agentic capabilities to make sure agents will go fix that if they go down.

So I think it's a phenomenal opportunity going forward.

And it's fine, the stock will recover.

I think investors are beginning to understand the story.

It's all right.

Look, observability is a space, as I said, as we get more and more AI deployed, we're going to need more and more real-time capability.

Real-time capability in actions, real-time capability in applications.

Real-time capabilities require 99.99% availability, which means you have to make sure your infrastructure is always up and running.

If it has a problem, you should be able to fix it right away.

sort of similar to security.

We also have to watch security on a constant basis, make sure if something happens, we fix it right away.

So actually, over the last 10 or 15 years, if you look, there are companies who've tried to play in both spaces, and typically they've ended up really well in one side, not the other.

We've not made a foray into observability because we never thought we could build it organically.