Sridhar Ramaswamy

Networking is a market where NVIDIA is actually gaining share.

They don't have as dominant as a position as they do in compute.

So I would say those are actually definite incremental positives in the quarter.

And then there were some concerns about gross margins heading into the print.

And they guided to mid 70% despite the fact that memory pricing is up more than 100% this year.

So, as I said, they checked every box.

I think the reason for the stock reaction, if I have to guess, is the concerns about the broader AI spending sustainability.

So, that's more of a market concern as opposed to anything that they said on the call.

Yeah, so look, the adaption is broadening.

There's no question about it.

We are seeing that on the enterprise side, on the sovereign side.

China is kind of a little tricky because there's a lot of geopolitical issues here.

The good thing is that the management did not include any China revenue in the guidance.

So if it comes through, it's upside to the model.

I think it's going to be incremental longer term.

We're not counting on China.

You look at the valuation.

You know, it's in the low to mid 20s today on forward numbers.

You know, that's pretty attractive for a stock, for a company that's growing, you know, 70 percent plus.

Obviously, that's not sustainable.