Jay Goldberg

But yeah, I mean,

What they do is they own more of the server and that has been one of the ways in which that they've got margins to where they are and clearly being 0.2% above where the hopes were is not a bad thing.

Yeah, I mean, what is still important in this fact is that obviously the vast majority has been the hyperscalers plus meta, right?

And so they've wanted to kind of switch between a story, what they used to call an AI factory, right?

At first, an AI factory was an on-prem data center that enterprises and maybe some of the neoclouds would operate themselves.

Now an AI factory is what they define any data center that's running AI workloads in.

So they have chopped and changed between that story, but its origin was that they wanted to go beyond the hyperscalers to have people own their own infrastructure for AI workloads if they were, say, a software company or an enterprise of a slightly different size.

Sadly, my history with NVIDIA before coming to Silicon Valley and covering the data center thing was gaming.

I know.

It's now such a small piece of revenue.

I mean, Jay can jump in, but really it's not where anyone's looking right now.

There is some discussion later on as it relates to the balance sheet and cash flow on things to do with supply, but you're right that what they're basically saying is that

That was the gaming was the segment that was impacted.

And I don't know that that is having any effect really on how we see the stock trading in after hours.

Well, I leave it to the analysts to model money left on the table if there were any, so to speak.

But given the outlook in terms of sales and where it came in relative to consensus, you know, NVIDIA...

it's an enviable position to be in, right, where demand exceeds your ability to supply anyway.

But going back to that five-year handbag analogy of a few moments ago, you know, the other argument that Gentleman and NVIDIA have made quite consistently is that if you tell your suppliers what you plan to do five years in advance...

then the rest of the supply chain can help prepare with you and keep up.

And, you know, recently that's been most difficult in memory, but memory shows up in pricing, you know, and if you're Jensen Wang, I'm sure you can make a phone call and make sure that the corresponding high bandwidth memory that you need is there or thereabouts.