Dan Kent

You do need waterproofing though.

Yeah.

You got a lot of electricity in there.

All right.

My last one here, I hinted at this.

It's like a SAS company, but for semiconductors.

It's like, hmm.

Do I pump this or do I hate it because it's software and SaaS?

So this company is Synopsys, ticker SNPS.

It is EDA software and semiconductor design software.

So basically what that means is what EDAs are is basically if you are a chip designer like NVIDIA, like AMD,

You have your own custom silicon, like a Tranium or Apple's M-series.

You need software to design the chips.

And so they are in a duopoly with Cadence.

So think of them as like Autodesk for, if Autodesk is for architecture, Cadence and Synopsys are that, but for the semiconductor industry.

Its market cap is around $100 billion.

It trades at 11 times next year's sales.

Every AI chip company, whether you're NVIDIA, you're Hyperscaler with your custom silicon, AI chip startups, NVIDIA, whoever, you use one or both of these platforms.

And

There's a distant third player in the market, which is Siemens EDA's platform.