 Hello, welcome back to theCUBE's coverage here at GTC. This is the conference for the era of AI. I'm John Furrier, Dave Vellante. This is day three of theCUBE coverage. We are Dave, we just came back from the Broadcom Financial Analyst Meeting, a very elite conference, very elite conference, MIA. Only a few industry analysts were there. We were there, mostly financial analysts. This is the Wall Street, hardcore, asking tough questions, but the Broadcom leadership stood up there, Charlie Kowaz, Jazz Tremblay, and five other leaders, Custom Silicon. They were there in force, and I was very impressed. So let's do a breakdown of the Broadcom Financial Analyst Meeting. Well, this was Charlie Kowaz's show. He runs the semiconductor division. He had all his lieutenants up there. I was very impressed with their depth of knowledge. That's an understatement. I mean, this team is top shelf, and they have deep, deep experience for a long, long time. Going back to whether it was HP, Vago, LSI, Broadcom itself, and many others that they've acquired over time, and wow. It was good to get your arms around it. They have a lot of different businesses, and I think he said of the 26 businesses, 17 are in semiconductors, and they're dominating, and they've made a really strong case for their position in AI. We got to know the semi-guys, which as Tremblay threw all of our customers to the cloud, and Dell, HBO, their OEMs, and then Charlie Kowaz came on theCUBE at MWC. We kind of figured out the big picture with Broadcom, but what they presented to the financial analysts, they opened up the entire book, showed the entire strategy, showed all the products, how they worked together, and I got to say it was very informative. It completely, to me, changes my analysis because now I have a full understanding of Broadcom's strategy, their chips, and what we've been calling clustered systems. They call AI servers, and it validates what we've been doing on the trends, which is the new infrastructure is coming out, this new AI systems, operating systems, infrastructure is coming out, it's different, but it's all about scale, and all kinds of new ways to do chips and memory, and all the stuff that goes in with chips and systems, so it's a systems revolution, and again, NVIDIA is the high bar in the industry, Broadcom provides parts to pretty much every company. Look at NVIDIA and Broadcom, really the only two companies that offer chips and switches. And so the NV Link, a killer part of NVIDIA's strategy, is a big part of Broadcom's strategy, they have PCIe, okay, and they got Ethernet, so major, major systems revolution going on, and Broadcom laid it out, and that's why they're kicking ass on the stock, and I'm very impressed with their offering and what they have, tons of headroom, and I don't see a lot of competition, I don't see anyone catching up to Broadcom. I mean, a slight adjustment on what you said because you could argue Cisco makes chips and switches, but the difference is only NVIDIA and Broadcom make internal connectivity, chips for internal connectivity and chips for switching, and they basically got a duopoly on that. I think the thing that impressed me the most is that the head guy, Charlie Kawa, stands up and talks about their market, how they look for durable markets, he talked about their focus on technology lead, and he talks about their execution. He said, these are the three things that we care about. Okay, fine, that sounds good, but then he had his five lieutenants stood up and they talked very specifically about their markets, they talked about the history of their markets, they talked about their technology, their technology depth, their investments, their roadmaps, and basically their execution. How many times did you hear today when we were first with X, and we started in 2003 or we started in 2010, they started in AI in 2014. So you heard those three points reinforced by the speakers, which I think had a lot of credibility in my mind. You had Charlie Kawa's, you had, obviously we mentioned Jazz, you got VJ, you got Neer, he's doing the optical, you got Ram, and you got Frank doing custom silicon, and I think what jumped out at me is that the consumer AI plays right now mainstream, enterprise AI is coming, consumer AI is clearly winning the day, and again, you're seeing the tagline for Broadcom connecting everything. They're really nailing this whole networking angle and the interconnects, two big parts of Broadcom that not a lot of people know about is the interconnect, high speed interconnects that are going on, like the NV links of the world here at NVIDIA and in their world, it's PCIE and also Ethernet. Networking's the key, okay, and then you got the Infiniband versus Ethernet war going on, and boy, it was Broadcom very vocal about how Infiniband is inferior to Ethernet in the long-range scaling with power and capability. So- This is the opposite of what we heard yesterday from Jensen. He basically said Ethernet is useless for AI. But I thought they made a very strong case as to why Ethernet is going to be this. And I think you've always believed that. The other thing I would mention is very nuanced, but Jazz Tremblay said, I don't know if you noticed, folks, but Blackwell, you're talking about NVLink on the southbound, but it was PCIE, northbound. So- Well, Broadcom speaks to our religion. They're basically saying the XPU is key, but it's the network that's the problem. And it's a distributed computing challenge. That's what we've been saying all along with theCUBE. And again, this is what is happening now is a complete distributed computing paradigm. And they're bets, Ethernet, Dave. Yeah, well, I mean, it's always been their bets. I'd say their bet is open. And of course, Ethernet and ultra Ethernet are part of that. But we got more time to unpack this. I know we're going to have to go deeper. You got notes, I got notes, but... So we'll do another session on this. We're going to come back and do a session. We'll be right back with more coverage here at GTC NVIDIA's conference for the era of AI. I'm John Furrier with Dave Vellante. We'll be right back.