Gil Luria

Well, not only is it, and it is unbelievable, the numbers are just getting staggering, especially for a company that's so profitable to be able to grow.

grow at these rates continuously.

But beyond that, they just said they're going to grow sequentially for the rest of the year.

They don't typically give more than one quarter out.

So the fact that they have that visibility and talked about that going into calendar year 2027 tells you that they have more visibility than ever.

Their customers are making longer-term commitments than ever.

They can see the rollout of the data centers happening at such a rate and with such a backlog that they know that they'll be able to continue to grow from here on out, which is, again, very impressive, especially when the numbers are this big.

Well, there's two different types of anxiety, and they're actually the polar opposite of each other.

One level of anxiety is, oh my goodness, we're building so many data centers.

This can't be sustainable.

When it stops, the music's going to stop.

The economy is going to decline.

NVIDIA is going to decline.

The mega caps, the hyperscalers can't afford to do this.

That's one level of anxiety that we've been living with for a few months.

The other level of anxiety is the exact opposite.

Oh my goodness, AI is so potent.

It's going to run us over.

It's going to go industry by industry and destroy it.

And software stocks are worth nothing at their terminal value.