Possible scenario

Incremental Cloud Strategy

32%its chance, of the story’s futures

+0.2%on the S&P 500, if it happens

The most balanced outcome is that TPUs expand Oracle’s AI capacity but do not displace Nvidia GPUs as the default accelerator for many workloads. Oracle uses Google chips as part of a broader multi-accelerator strategy to improve supply flexibility and customer choice.

What it moves

Technology+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.

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