how are those investors, those companies that are buying those chips, how are they currently accounting for them? What is the, I guess, the most common analysis or assumption around their useful life?

Most of them are pushed out.

Their depreciation is scheduled to six to seven years.

And we know these chips, if they're used intensively in data centres, probably don't have that life.

So there's a bit of scepticism around that and the accounting treatment.

But for now, the market, I guess there's this rotation going on from the sort of hyperscalers to the chip makers.

You know, interestingly, Micron used to be in the value index.

And what are we seeing? And equally important, how are central banks thinking about the outlook?