Gray Market Persists

its chance, of the story’s futures

+0.3%on the S&P 500, if it happens

Despite arrests and tighter rules, demand for advanced accelerators remains high enough to sustain a black-market supply chain. Investors interpret the report as evidence of strong underlying demand for Nvidia-class compute, partly offset by legal and policy risk.

What it moves

Technology+0.6%

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.

Gray Market Persists

Keeping an eye on this scenario?