Rory O'Driscoll

So the market's going to have jitters between now and an even bigger AI future.

We've talked about it's going to have ups and downs.

It's going to have bumps.

And it makes sense.

Oracle down 46 percent since September.

Right.

Coreweave down 60 percent from its high in July.

It makes sense.

Those should be have the story.

They should see the biggest impact from bumps.

And there's no reason, actually.

Listen, I'm not saying that that these are even the best companies we've ever had, but there's no reason I don't think they will rebound as the overall trends.

I think these are just jitters.

The overall trend, I think, is still we're still anti-gravity here.

It is interesting you lose so much over guiding 100 basis points lower.

Yeah.

What's really interesting, and I'm not smart enough to fully predict this, who gets a pass on gross margins and who doesn't?

If you're a Broadcom or someone, you're not getting any pass, even though you're getting massive AI spend.

We're very worried.

All we care about is we're worried you're going to lose insane profitability in the semiconductor industry due to AI.