I wonder if the inventory cycle will prove to be headwind over the coming quarters. I've followed Gavin Baker on it and he noted mid-2021 that 20 weeks between order and delivery were substantial. Bloomberg noted in January of this year "The lead times -- a closely watched gap between when a semiconductor is ordered and when it is delivered -- increased by six days to about 25.8 weeks last month compared with November, according to research by Susquehanna Financial Group." If I had to classify "deterministic" factors (and I say that with a good deal of hesitancy), I'd categorize them as: - economy; - inventory cycle; - long-term growth of data (IoT, 5G, etc.) Would love to hear your thoughts on it! https://www.bloomberg.com/news/articles/2022-01-04/chip-delivery-times-are-on-the-rise-again-shortages-to-continue#:~:text=The%20lead%20times%20%2D%2D%20a,research%20by%20Susquehanna%20Financial%20Group.