Mandeep Singh

And I think the year of efficiency that Meta had a few years back may be a repeat, I think, in 2026.

I mean, I would say at this point, virtual reality would be de-emphasized over the glasses, the Ray-Ban glasses, as you said.

And clearly, you know, if they want to distill their model into a smaller version, that would run most likely on the augmented reality glasses.

And that is a much better form factor than the virtual reality where they have been subsidizing the hardware costs, but it really hasn't seen the kind of adoption that they could see with the Ray-Ban glasses, for example.

Well, at this point, I think NVIDIA is strengthening its relationships with all its suppliers, whether it's TSMC and the purchase commitments it has with TSMC or, for that matter, with Synopsys, which provides the EDA software.

And look, the ASIC threat, which wasn't really that big of a threat before,

has really kind of come to the forefront now with Google TPUs.

And Broadcom has talked about how it has got three or more customers that are taping out their new chips.

So from that perspective, the suppliers of NVIDIA come to the focus.

And on the EDA side, it's really an oligopoly with K&N, Synopsys, and Siemens.

So from that perspective, it's not surprising to see NVIDIA really investing in one of their suppliers.

I mean, look, you can talk about how developers may benefit from a coding agent type of functionality when it comes to EDA software tools.

But to my mind, you don't need a big training cluster for EDA software.

That's not, I think, the essence of what they're doing here.

It's more to do with just strengthening the relationship with their suppliers.

And some of these could be M&A plays.

I mean, who knows?

And that's where I think having stakes just give them some skin in the game.

Cyber Monday is one of those days where people really load up their carts all weekend and then sometimes wait for the final minute to push the buy button.

Yeah, that's a great question.