That swing — $(5,833)M lost in fiscal '23, $778M earned in '24, $8,539M in '25 — that's the textbook shape of a cyclical memory maker, and I'll own it flatly. The question now is whether it's changed. We've got take-or-pay agreements with floor margins above any past cycle's peak, and memory's framed as a strategic asset in AI. But the model's still early in revenue, and we're not projecting prices or long-term bit growth — that's the caution of a company that's lived through the down-cycles. It's an open question, and an honest one.