Ian King

All boats are floating.

Everybody's benefiting from the same massive spending in equal measure.

I guess what would change that would be if NVIDIA does not hit those targets, does not exceed those targets.

That, I think, would change the conversation considerably.

I mean, again, you have to go back to the percentages, the growth percentages.

At the moment, both of them would say, you know, this isn't about competition.

This is about there's so much demand.

A company like Meta, which makes its own chips, is buying from both of us.

That would be the answer.

But ultimately, when the market slows down, and you can be the judge of when that happens, then we'll see the market share shift because then it'll really matter.

Yeah.

Again, we asked Lisa about this, and she said that it, this is Lisa Sue, the CEO, and she said this is different than the open air ideal.

The open air ideal is a slightly different arrangement.

That is a company, obviously, that is seeking liquidity.

Meta clearly does not.

need liquidity.

This is just a way of showing Meta's commitment to what they're doing.

You've got to remember that, you know, AMD is only a couple of generations into being any type of presence at all in this market.

So if a big buyer of this stuff comes along and says, oh, we like your gear.

Oh, guess what?