How supply and demand dynamics are influencing earnings season

[Applause] supply constraint. Those are the two most important words I've heard so far in this earning season, other than of course quantum, of course. For example, last night David Zinser, he's the excellent CFO of Intel, stressed several times that his company's supply constraint for a host of products and quote, "Industry supply has tightened materially." Oh boy, did that work.These shortages are why Intel was able to report sharply better than expected earnings. When you're supply constrained, you have ...