Possible scenario

Capacity Cycle Turns

12%its chance, of the story’s futures

−0.2%on the S&P 500, if it happens

The Lambda raise accelerates a broader buildout just as some customers become more price-sensitive. GPU availability improves, rental prices fall, and investors begin questioning whether AI compute has moved from shortage to oversupply.

What it moves

Technology−0.4%

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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