Managed Capex Reset

Hyperscalers treat Gartner's $3.5 trillion write-down warning as a reason to slow incremental data-center commitments rather than cancel the AI buildout. Spending shifts from speculative GPU clusters toward higher-utilization facilities, custom silicon and leased capacity discipline.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.