Its revenue comes from a healthy mix of consumer and business end users, which partly insulates it from the broader economic slowdown currently driven by soaring inflation and rising interest rates. Put simply, while consumer spending was soft in the second quarter, businesses continued to invest heavily in new hardware for data center applications, which picked up the slack and helped carry the company's total revenue higher. This has unprecedented benefits in areas like artificial intelligence (AI), where advancements are happening so quickly that semiconductor hardware capabilities are actually causing a bottleneck because upgrade cycles are too infrequent.