Carmen Li

Right.

It's actually pretty straightforward for the machine level.

But to your point, right, you can say, hey, what happened if demand dropped?

No one can use your whatever things you have.

But remember, the full contract is a signed contract.

You have that you kind of know.

Obviously, if you have things, the biggest concern is

people have concerned overbuilt.

If overbuilt, then by theory, then all your prices will calm down because of the oversupply of the market.

So then you talk about supply-demand equilibrium.

How do we know about future demand of GPUs?

I don't know that.

Everyone's guess is better than mine, probably.

The way I look at it, it's not

It's not that easy to bring any GPU online.

You hear all those say, big data center bill, $25 billion invested.

But they don't translate to immediate GPU availability.

You need the servers, which you have to be a way listed.

If you buy brand new stuff, co-location, you need optic fiber.

So it's a lot of, unfortunately, a star has to be aligned.