Michael Intrator

One is with all the demand for artificial intelligence and the corresponding demand for compute and the ancillary services around the GPU, the demand is through the roof.

That's number one.

That's number one.

Number two is that

Number two is that

There was probably an investment cycle that needed to happen back in 2023 that would have brought on the necessary fab capacity to be able to serve.

There was probably an investment cycle that needed to happen back in 2023 that would have brought on the necessary fab capacity to be able to serve.

And anytime you have a very, not anytime, but many times when you have a capital intensive business, like, you know, building fabs, you will get this boom and bust cycle, just like in energy.

And anytime you have a very, not anytime, but many times when you have a capital intensive business, like, you know, building fabs, you will get this boom and bust cycle, just like in energy.

They overbuild and then, you know.

They overbuild and then, you know.

Fiber.

Fiber.

Yeah, I mean, there's a lot of examples of that.

Yeah, I mean, there's a lot of examples of that.

It does a lot of things having a boom-boom cycle.

It does a lot of things having a boom-boom cycle.

It clears out the underbrush.

It clears out the underbrush.

The strongest companies will be able to survive and take advantage of that.