Yeah.

What I would say, as it relates to your initial question, Pete, I mean, the bubble might be in some of the expectations, but not necessarily in the technology or displacement, certainly not yet.

Right.

So you've seen, to your point, you called out some HCM vendors, enterprise software services, parts of fintech have been pressured because of perceived displacement risk.

Because of AI.

And if they don't get a direct attachment to the AI trade, then they're just the other side of that.

Right.

But I would say the