The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ananda Baruah - Loop Capital Markets LLC - Analyst
: Hey, thanks a lot for doing this. Yeah, and great keynote this morning as well. I guess, Ananda Baruah, Loop Capital. How -- could you describe to
us how we should expect this, like the manifestation of this to begin to show up in the business where is that journey today? And is this -- is really
what we're talking -- you guys are describing you and George, is it really a share gain story or is it a market share story? Maybe more appropriately
as this whole dynamic gets going.
Question: Ananda Baruah - Loop Capital Markets LLC - Analyst
: Thanks. That's great. Just a quick -- not clarification, just specification. So for cyber, do you think you capture cyber budget from other folks? Is that
how you see it?
And then just in your experience, where do you think customers are right now with their proof of concepts and their journey to imprint? That's it.
Thanks.
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OCTOBER 14, 2025 / 7:00PM, NTAP.OQ - NetApp Inc INSIGHT Investor Tech Session
Question: Ananda Baruah - Loop Capital Markets LLC - Analyst
: Hey. Thanks. Quick follow-up. To your comments about starting to have conversations with the neo clouds, do you know if there's any distinction
to make within those conversations between training opportunity and inferencing opportunity?
Question: Ananda Baruah - Loop Capital Markets LLC - Analyst
: That's great, thanks.
Question: Ananda Baruah - Loop Capital Markets LLC - Analyst
: Hey, thanks. Yeah. Ananda Baruah, Loop Capital. Thanks for that. That was a lot of great detail.
As folks begin to deploy AI applications or AI features inside of existing applications, so moving proof of concepts into production. And actually,
if they even have to do this for proof of concepts, like let us know.
Do you see them doing incremental storage spend along that journey for those AI applications? Or do you see them phasing in the AI applications
and making purchasing decisions along refresh cycle lines?
And then I have a quick follow up, too. Thanks.
Question: Ananda Baruah - Loop Capital Markets LLC - Analyst
: Thanks. So just as a quick follow-up. You actually begin to touch on it. So the point about increased complexity, I just want to ask -- and if the answer
is no, please say no. But is there anything about AI in the complexity conversation that pushes the organizational data management paradigm
over any sort of tipping point such that the addition of the AI to the paradigm almost necessitates something like simplification? And just because
you're, here I thought to ask the question, but I don't want to leave the witness and that's it. Thanks.
Question: Ananda Baruah - Loop Capital Markets LLC - Analyst
: Hey, thanks for doing this. Yeah, Ananda Baruah with Loop Capital. Do you see any potential for an AI -- it is sort of an on-prem AI catalyst for any
aspect of the cloud business. And as a specific for instance as corporate customers begin to look to do more, say model training on the cloud before
they pull it back on-prem to go live in production. Something like that I guess would be would be a for instance. But that or anything like that is a
potential cloud catalyst that we all might see show up in the business.
Question: Ananda Baruah - Loop Capital Markets LLC - Analyst
: Thanks. Quick follow-up on this. Thanks for that. That was helpful. I think Sandeep talked about Neocloud opportunity or something beginning to
pop up in the Neoclouds and I guess the question is as we're seeing more of your [hyperscaler partners] move workloads into the Neoclouds -- and
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OCTOBER 14, 2025 / 7:00PM, NTAP.OQ - NetApp Inc INSIGHT Investor Tech Session
it it seems like it's happening at scale it's going to happen the bigger scale it seems like in the coming years, do you have opportunity there with
those AI workloads that go into the Neoclouds from the hyperscalers?
Question: Ananda Baruah - Loop Capital Markets LLC - Analyst
: Yeah, thanks Ananda Baruah loop Capital, thanks for doing this panel. This is a pretty cool panel.
Each of you have spoken about how critical video is to your respective businesses, and so the question is there something about the heavy use of
video that makes NetApp particularly attractive to you guys.
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