Power Becomes Decisive

its chance, of the story’s futures

+0.1%on the S&P 500, if it happens

Electricity availability becomes the main constraint on AI and cloud expansion, making performance per watt more important than peak benchmark performance. Arm benefits if hyperscalers use lower-power CPUs to free capacity for GPUs and AI accelerators.

What it moves

Utilities+0.6%
Technology+0.2%

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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