I… think this has happened?
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Huawei's technology is meaningfully differentiated with equipment that doesn't correspond to the splits in the ORAN model. It's possible that ORAN could eventually acquire enough market share to make it an interesting market within China, but I don't think that'll be complete before the end of 2025.
Updating downwards because I don't have such a strong reason to disagree with consensus. Still believe that a small regional war is underrated for domestic reasons, and Hezbollah is a more likely a "safe" target than Iran.
Updating downwards, I don't have a reason to disagree strongly with consensus here but I do think a regional blowup is being underrated.
Slightly higher due to conflict with Israel
Updating down because the year is going on
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While unlikely overall, there are no major barriers to a ground offense against Hezbollah, and the political temperature in Israeli is still running high.
its almost may