Ed Ludlow

And the main star of the upside is going to be the data center CPUs that you mentioned.

They continue to gain share in that segment.

The demand continues to stay ahead.

And unlike Intel, they have the ability with TSMC to get more supply.

So they should be able to ship more to deliver upside to there.

GPU, however, there's nothing great that we can expect here.

The first half of 26 is going to be sort of a lull moment.

Before the second half, this is when the 450 series RAM starts.

So most of the upside and the goodness this time around will be driven by CPUs in data center.

Yeah, I think we've heard enough from AMD that we wanted to about OpenAI.

I mean, look, they have the deal and the contract on paper, unlike Nvidia and OpenAI.

So, right at this point, we are just waiting to see them execute, which is going to be a second half 26.

So, we really want to see a smooth execution and a ramp starting in third quarter.

And any sort of hiccups or delays here could be really shaking.

So this is when their full rack, full system-based 450 series Helios rack starts ramping, especially with OpenAI.

Most of the customers really want to adopt this solution with AMD because this is where, at least on the spec level, they are competitive with NVIDIA.

The rationale is, you know, virtual integration.

This is something that's kind of been hiding in plain sight, right?

And the idea, you know, SpaceX provides the launch capacity, and together the two companies design satellite form factor data centers very focused on inference.

Palantir's fundamentals are doing extremely well.