AI Compute Demand Cools

its chance, of the story’s futures

−0.4%on the S&P 500, if it happens

The bull case weakens if customers pause commitments, push for lower prices, or diversify away from neocloud providers. The 10-times demand figure then looks like an upper-funnel sales metric rather than a durable backlog.

What it moves

Technology−0.8%
Utilities+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.

AI Compute Demand Cools

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