And right now, we’re just focused on executing Q4. But yes, overall demand looks good. Overall growth next year should be good. But I think trying to guide 2 quarters now with this precision, Srini, is just not going to be helpful for anybody given how fast things are moving. So I’d prefer to give you my Q1 guide when we guide Q1.
Srini Pajjuri: Got it. Thanks, Matt.
Operator: Our last question will come from Chris Caso of Wolfe.
Chris Caso : Yes, thank you. My question is on the cloud part of data center. It sounds like that was an area which may have surprised you a little bit coming back here. Can you talk about the driver of that? And to what extent — to the extent you’re seeing in kind of traditional cloud business is it cyclical or product cycle-driven?
Matt Murphy: Yes, thanks. Our thesis earlier this year, which actually did play out, I think we had a lot of predictions and in some cases, the market didn’t cooperate. But one area it did was that we did not believe that our traditional cloud business was going to be really impacted by the shift to AI. And in fact, it might even provide a tailwind. And our position was that, hey, because of our position in switching and in optics, that broader networking build was going to be required in data centers, in particular, multi-tenant data centers where you had to actually put in increased networking bandwidth to handle the AI capability that was being put in and that’s played out. So I’d say there’s been some on the product cycle in terms of new products kicking in at that time.
But also, I’d just say that it’s increased demand, increased demand for products, we added 400 gig and increased demand for our 12.8T switches, things that had been a little bit depressed earlier in the year with inventory correction. So that’s been a real positive. It’s kind of a nice combination of strong growth on the products we have as well as new products wrapping up — ramping up, sorry. So yes, and that’s played out, and that should be a nice driver and tailwind for us into next year as well. Chris.
Chris Caso: Got it. Thank you.
Matt Murphy: All right, fantastic. Hey, listen, I think we’re pretty much at time. I’m going to conclude the call, maybe just a few words. First, I appreciate everybody’s interest in the company. A couple of final comments would be despite kind of the challenging macro out there, I’m very, very pleased with the Marvell team and our performance. And I think what it shows is that even when you have a lot of volatility from a cyclical perspective in some of these end markets, right now, it’s enterprise and carrier as an example, the diversified business model that we’ve really put together at Marvell has been able to have some strong offsets to those things. And like right now, we’re seeing our data center business come roaring back with strong growth in the third quarter and then a very, very strong growth in the fourth quarter.
And that’s the commitment we made several years ago. It was to diversify the company by end market, focus on data infrastructure, which, in our view, is going to be probably the best TAM growth opportunity in semis. And we still believe that and while we have some inventory digestion and end market weakness we’re seeing in some segments that’s going to revert over time in enterprise and carrier. And I would view that as, and describe that as kind of the core foundation of Marvell. And then you have these nice growth drivers with large TAMs on top of it in cloud, in AI, in things like automotive that are going to drive our growth over time. So I think our model is working, and we’re managing in a tough environment, and we’re managing what we can control at this point.
And with that, I will conclude the meeting. Thanks, everybody.
Operator: The conference has now concluded. Thank you for attending today’s presentation, and you may now disconnect.
