In the U.S. AI chip sector, the controversy around $AMDB isn’t exactly low: Piper Sandler has issued an aggressive forecast—by 2030, AMD’s earnings per share could grow at a compound annual rate of about 65%. What does 65% compounding over five years really mean? $1 could turn into roughly $12, representing more than a tenfold increase in EPS. There are two assumptions underpinning this curve: first, AI accelerator business will capture a significant share from the current leader; and second, server CPUs will keep steadily advancing. I’m naturally wary of any super-long-term predictions: if, within five years, AMD’s MI-series misses even a single generation, or if cloud providers’ in-house chip development ramps up even faster, this curve would break. Still, looking at it another way, the fact that Wall Street is willing to put 65% into a formal report suggests that AMD has already moved from being merely “a shadow of the leader” to a company with its own independent narrative. Do you believe this number, or do you think it’s just another “perpetual-motion” report?