A hypervisor virtualizes the following physical resources: memory, and input/output (I/O) resources.

A hypervisor is a software layer that creates and manages virtual machines (VMs) by abstracting physical resources from the underlying hardware. The question specifies that the hypervisor virtualizes "memory" and "input/output (I/O) resources," and the task is to provide the missing resource acronym in uppercase letters. In virtualization contexts, including Huawei’s FusionCompute or OpenStack with KVM, the primary physical resources virtualized by a hypervisor are:

CPU:The central processing unit (CPU) is virtualized to allocate processing power to VMs, enabling multi-tenancy and workload isolation.

Memory:Virtualized to provide RAM allocation to VMs, abstracted via memory management units (MMUs).

I/O Resources:Input/output resources (e.g., NICs, disks) are virtualized to allow VMs to communicate and store data, often through virtual NICs (vNICs) or virtual disks.

The question lists "memory" and "I/O resources" explicitly, implying the missing resource is CPU, as it completes the standard triad of virtualized resources in hypervisor design. Thus, the answer isCPU.References:Huawei HCIP-Data Center Network Training – Virtualization Fundamentals; FusionCompute Architecture Guide.