Possible scenario
Demand Digestion Emerges
15% Chance
Rubin availability arrives after an aggressive Blackwell buildout, forcing cloud customers to manage capital intensity and utilization. Demand remains large, but investors become more selective about margins, backlog quality, and customer concentration.
Secondary impacts
- Technology -0.5%
Tickers
- SMCI-3.3%
- NVDA-1.8%
- DELL-1.5%
- ORCL+0.2%
Portfolio impact
S&P 500-0.3%
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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