Ban Momentum Spreads

its chance, of the story’s futures

−1.7%on the S&P 500, if it happens

The referendum wave becomes a durable political movement, with local officials treating AI campuses as power, water, housing, and land-use liabilities. This outcome would force OpenAI and peers into prolonged litigation and make many interconnection queues financially uncertain.

What it moves

Technology−2.9%
Utilities−2.5%
Industrials−2.0%
Non-Energy Materials−1.0%

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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