Some things here and there

Getting first to a few of the earnings comments and I'll leave Nvidia to others as its created its own economic universe. 

ADI

"As we shared last quarter, we believe we're in a period of customer inventory reconciliation following three consecutive years of steady growth. Through our customer conversations, it's evident these accelerating inventory adjustments relate to the weakening macro backdrop and ADI's rapidly improving lead times." They said they will ship "below end market consumption in the third quarter and expect to do again in the fourth" and hopefully this will help "normalize our customer's inventory more quickly." They did say that "demand continued to soften throughout the quarter."

With respect to their guidance, "Our revenue outlook reflects the broad based macro softness across all end markets, all geographies and customers, both large and small."

SNOW

"In Q2, we continued to execute in an unsettled macro environment, but with incremental improvement in general sentiments and engagement. Generative AI is at the forefront of customer conversations."

"Now let's turn to guidance. Our forecast assumes that our largest customers will continue to be a growth headwind. We are seeing encouraging signs of stabilization, but not recovery."