Power Bottlenecks Intensify

20%its chance, of the story’s futures

−0.4%on the S&P 500, if it happens

The AI buildout runs into grid-connection delays, permitting limits and disputes over who pays for transmission and generation upgrades. This does not end the investment cycle, but it slows deployment and shifts market attention from GPUs to electricity availability.

What it moves

Technology−0.8%
Energy+0.5%
Utilities−0.3%

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.

Keeping an eye on this scenario?