Mandeep Singh

The hyperscaler capex seems to be going up as well.

So it's underpinned by healthy fundamentals.

We know why Nvidia's top line is accelerating.

Right.

Because the capex seems to be accelerating.

And all this points towards more inferencing, more demand for AI compute.

they're pointing to 77% growth in their fiscal 1Q.

So that goes to show, and the proof point you can see in the hyperscaler capex.

The hyperscaler capex seems to be going up as well.

So it's underpinned by healthy fundamentals.

We know why Nvidia's top line is accelerating.

Because the capex seems to be accelerating.

And all this points towards more inferencing, more demand for AI compute.

Yeah, no mention of any impact related to memory costs, which is surprising.

Why is that surprising?

Or purchasing power, rather?

They clearly did a great job in terms of securing that supply, and they don't have to pay the premium that everyone else has to pay on the hardware side.

Well, I mean, in this case, at least this is like the Fed.

That's a good thing.

They have got it.