Samik Chatterjee
JPMorgan Chase & Co, Research Division

Good afternoon, everyone, and welcome to keynote session at JPMorgan Technology Conference, and I have the pleasure of hosting Cisco Systems with -- on a keynote on securing and scaling AI. With me is Chuck Robbins, CEO and Chairman of Cisco Systems. Chuck, welcome and thank you for coming to the conference.

Charles Robbins
Chairman & CEO

Thanks for having me. It's great to be here.

Samik Chatterjee
JPMorgan Chase & Co, Research Division

Yes. Our pleasure. Maybe I'll start you off with something you said on TV after your recent earnings win, which, by the way, I think anyone I talked to even outside technology took note of. It's great when energy analysts come and tell you Cisco had a great print. You know that it's gone well. So maybe you did mention on live TV going through a networking super cycle. Maybe just flesh that out a bit or unpack the various factors you're seeing the confidence that it is a super cycle as you see it.

Charles Robbins
Chairman & CEO

Yes. So I think the notion is that with this AI revolution, everything is dependent upon the network and everything is dependent upon modern networks, secure networks, and this whole notion of the node has a certain amount of power, but when you network the nodes, then you get exponentially more power. And so we see this happening in and you think about what's happening in the hyperscaler business, which we took our AI infrastructure target up to $9 billion for the year from $5