The next opportunity to benefit from AI will become increasingly difficult to grasp. The easiest opportunities were in 2023-2025 -- NVIDIA is selling shovels, and it's the leading player. The second wave of opportunities will be in second-order derivatives, starting in 2025, requiring more specialized knowledge to capitalize on, such as optical modules, storage, power, etc. Now, the third wave of AI benefits is in more niche areas, requiring even more specialized knowledge and strong cognitive skills. The difficulty of seizing the next opportunity like sndk will only increase.