One thing I have kept coming back to with $AVGO is that I thought the AI TAM could end up much larger than people were modeling, because Broadcom was never really just a custom XPU story. The same customers building their own accelerators also need the networking around them. Switch silicon, SerDes, optical DSPs, PCIe, lasers. And as the clusters get larger, Broadcom gets more content around each dollar of compute. That is why I enjoy reading the report. Broadcom now expects AI semiconductor revenue to reach ~$115B in FY27 and ~$230B in FY28, while saying AI networking should grow roughly as fast as XPUs over the next few years. We used to discuss the possibility that the TAM was being underestimated. I think we are starting to see that happen in the actual numbers. Google is getting bigger. Anthropic is becoming huge. OpenAI has moved from roadmap to shipments. Meta keeps progressing. And Broadcom gets paid on more than one layer of all of it. That is pretty much the exact reason $AVGO has remained one of my highest-conviction holdings