Bailey Lipshultz

And it's not even been a month, but they have done deals with NVIDIA, Oracle, CoreWeave, AMD, now Broadcom.

And again, it's just late September to mid-October.

So is that what this is, is just giving them a smarter supply chain and having access to what they need?

Is it as simple as that?

They're not even profitable as much as we know, right?

That's pretty cool, to say the least, in a non-financial analysis terminology.

Mandip, thank you.

Always a gem.

Bloomberg Intelligence Global Head of Technology Research, Mandeep Singh.

AI spend and the build out is one read on the U.S.

economy and certainly the tech economy.

Now to another great read, Bailey, on U.S.

economic activity.

And we're talking about the industrial supplier Fastenal, which reported earnings earlier this morning and shares.

I think they were the worst performing the S&P 500 at one point.

Well, let's ask the CEO.

Daniel Flores is with us.

He is chief executive officer of Fastenal and joins us from Winona, Minnesota.

Dan, it is great to have you back with us.

Talk to us about the quarter because it does seem like analysts were noting that the pricing during the quarter was weaker than expected and marks the second straight quarter of softer pricing.