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None of those are capable of running the new AI workloads coming out to the edge and the PC, new architectures coming that are exciting and interesting.
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2024 Q3
27 Dec 23
We expect the market to close in Q4 being down. It will be 8 quarters of negative growth in the PC industry, the longest I can recollect.
And it's ripe for a refresh.
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2024 Q3
27 Dec 23
the pipeline of AI tripled in the quarter. Demand doubled -- nearly doubled quarter-over-quarter
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2024 Q3
27 Dec 23
we now have 2 consecutive quarters of quarter-over-quarter growth of our traditional or data center servers
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2024 Q3
27 Dec 23
The guidance that Yvonne and I gave a quarter ago was what we saw through August, and we were optimistic that we were seeing a recovery. It's clearly pushed, things have slowed.
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2024 Q3
27 Dec 23
The guidance that Yvonne and I gave a quarter ago was what we saw through August, and we were optimistic that we were seeing a recovery. It's clearly pushed, things have slowed.
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2024 Q3
27 Dec 23
the number of large deals slowed over the course of the quarter as our customers again became more cautious and selective
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2024 Q3
27 Dec 23
And then things changed. The business started to slow. It slowed in September, it slowed more in October. We saw more cautiousness from our customers. We saw them being more selective, particularly large commercial customers, enterprise customers and particularly in North America.
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2024 Q3
27 Dec 23
through the month of August, the first month of the quarter, our PC business is up year-over-year
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2024 Q3
27 Dec 23
You were wildly above normal seasonality in Q2.
You were below normal seasonality in Q3, and you're guiding below normal seasonality again for Q4.
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2024 Q3
27 Dec 23
input costs are expected to be inflationary next year, led by [ NAND and DRAM ]
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2024 Q3
27 Dec 23
For the quarter, we shipped over $0.5 billion of AI-optimized servers
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2024 Q3
27 Dec 23
Lead times remain 39 weeks, demand is ahead of supply.
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2024 Q3
27 Dec 23
the pipeline for AI-optimized servers tripled quarter-over-quarter during Q3
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2024 Q3
27 Dec 23
We shipped over $0.5 billion of AI-optimized servers during the quarter.
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2024 Q3
27 Dec 23
every part of the AI-optimized portfolio grew quarter-over-quarter, and we saw significant growth for enterprise customers
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2024 Q3
27 Dec 23
inflationary input costs as we move through the next year
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2024 Q3
27 Dec 23
We expect revenue to return to growth next year, above our long-term financial framework.
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2024 Q3
27 Dec 23
We're seeing signs of stability and inflection in parts of the portfolio, including traditional and AI-optimized servers.
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2024 Q3
27 Dec 23
our diluted EPS should be $1.70, plus or minus $0.10. We're increasing our expectations for the full year diluted earnings per share to $6.63, plus or minus $0.10
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2024 Q3
27 Dec 23