Dan Kent

other than maybe the models themselves, like the L11 models themselves, have been, hmm, what we do really matters in this market.

Like NVIDIA's pre-GPT launch,

No one was really going out there and saying, hey, by the way, they're going to make these Blackwell chips that are going to be running every advanced AI workload on them.

That was not the bull case for NVIDIA, which is the largest company by market cap.

Humans have this insatiable demand for two things, compute and electricity.

And that now has been given steroids officially.

We've already had this insatiable demand for those two things since the late 90s.

And now it's like, hmm, what if we give you peptides and gasoline on that fire right now?

That's basically what's happening.

The problem is you can't just bring gigs online quickly.

You can't just, yeah.

Corning's been around a long time.

How many quarters in a row have investors just like jaw dropped the floor on CapEx guides for the hyperscalers when they just dropped their jaw on the floor three months ago on the last quarterly print?

Like for the last 10 years?

And the number always go, always go up, you know?

The promise and the idea of small modular reactors is a no-brainer on the surface.

You know, you can stand up...

you know, hundreds of megs quickly overnight and plug it in.

The problem is the plug it in part, the permitting part, the regulatory part.

If you put in four, one gigawatt reactors versus one tiny little SMR with just, you know, maybe 50 megs, for example, is the same kind of operating license, right?