Bottlenecks Deepen

23%its chance, of the story’s futures

−0.9%on the S&P 500, if it happens

The supply-chain delays prove more persistent than Microsoft initially signals. GPU systems, power equipment, interconnections and construction schedules remain constrained, slowing the conversion of AI demand into Azure revenue.

What it moves

Technology−1.3%
Industrials−0.2%
Utilities−0.1%

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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