It's a situation where everything is priced in. We know how much Blackwell systems Nvidia can sell. We know TSMC's capacity for advanced packaging, and we can use that to figure out exactly how many chips they can sell this year and to some degree next year. They've said they're sold out, and once you're sold out, what's the upside? That's why everybody is trying so hard to figure out what's going on with China, because that's the only upside: whether Nvidia gets China revenues or not. So my take is: Don't go out and short Nvidia. That's dangerous. But at the same time, I think the stock is going to underperform some of its peers.