How would you trade this knowledge?

Intel has already dropped and AMD is up. Maybe there's more to move, but first-order effects are at least partially priced in already.

But what about second-order effects? Seems like virtualization should be vulnerable (VMWare and Citrix), but maybe they actually benefit as customers add more capacity.

Software-defined networking and cloud databases should also suffer though it's unclear how to trade these.

AWS, Google Cloud and Azure might benefit as customers add capacity but there's no way to trade the business units. So what about cloud customers where compute costs are already a large percentage of total revenue?

Netflix should be OK but Snap and Twilio could get squeezed hard. Akamai and Cloudflare might have higher costs they can't pass through to customers.

And where's the upside? Who benefits? If the performance hit causes companies to add capacity, maybe semiconductor and DRAM suppliers like Micron would benefit.