In the conference, Jensen mentioned that the digestion will

not start until they finish build out at least one trillion dollar of data centers, so the secular concern is not a concern at all. They will finish a couple of trillion of modernizing current data centers which might take 4 years, assuming most companies' IT growth of 20-30% per year. And on top of that, they will have AI factories for the generative AI, which would see huge growth as well. I am not worried at all for next couple of years.