Ayako Yoshioka

Hi, Ed.

Good to see you.

Perhaps maybe the most important one was that Jensen wasn't wearing his signature leather jacket.

But for the most part, for us, when you look at the financials and when you look at the growth rate that NVIDIA has posted and really delivering beyond expectations for where our consensus estimates were, that was the most important metrics for us as we listened to the call.

Well, we heard analysts ask that question, right?

And they have visibility into that $500 billion number.

And so that doesn't include sort of the demand that will be coming forward in the next 14 to 18 months.

And so it perhaps is conservative.

And I think that's the part that's so difficult for all of us to really wrap our heads around.

These numbers are so large and they're growing at such a rate that we haven't seen before that it really becomes, you know, for most of us, we're all skeptical that this is going to happen at the rate that it continues to happen at.

What was interesting was the depreciation question was tackled.

Yeah, I think it was a great way for Colette to sort of clap back at that depreciation argument.

We are still using these older chips.

They are still getting consumed simply because the demand is so great.

So I do think there was a little bit of that that was put to rest and a relief, I think, from investors to a certain extent that they were still being utilized to that extent.

You know, it is really difficult to sort of wrap our heads around.

I think on one hand, we do see all of the demand continuing to grow at these exponential rates.

But on the other hand, you see all this circularity and financing that I think concerns all of us and then all of us who kind of grew up during the sort of tech bubble era.

We've kind of seen this movie before and we don't want it to end the way that it ended back in 2000.

And so there's a lot of push and pull and a lot of monitoring on a daily, weekly, quarterly basis.