“The way we are modeling the year is, let's call it, second half a bit subseasonal to first half. Just given everything that we see.”

In context

“rket, there's a lot of concern about inflationary costs and the potential for pull-ins. Were there any changes in your order patterns during the quarter? And maybe bigger picture, how are you thinking about client growth and the health of that market into 2026? Lisa Su: Yeah. Thanks for the question, Josh. Yeah. The client market has performed extremely well, you know, for us throughout 2025, very strong growth for us, you know, both in terms of ASP mixing up the stack as well as just unit growth. Going into 2026, we are certainly watching the development of the business. I think the PC market is an important market. Based on everything that we see today, we're probably seeing the PC TAM down a bit just given some of the inflationary pressures of the commodities pricing, including memory. The way we are modeling the year is, let's call it, second half a bit subseasonal to first half. Just given everything that we see. Even in that environment with the PC market down, we believe we can grow our PC business. And our focus areas are enterprise. That's a place where we're making very nice progress in 2025, and we expect that into 2026. And just continuing to grow, you know, sort of at the premium, you know, higher end of the market. Joshua Buchalter: Thank you for the color there. I want to ask about the Instinct family. So we've seen your big GPU competitor make a deal with the, you know, SRAM-based spatial architect provider, and then OpenAI has reportedly been linked to one as well. Could you speak to the competitive implications of that? You've done well in inferencing, I think, partly because of your leadership in HBM content. So I was wondering if you could maybe address the poll seemingly motivated”