By Rafael Müller
Publication Date: 2026-10-06 11:11:00
Morgan Stanley has a message for investors fretting over the strain that artificial intelligence is placing on America’s electricity grid: the leading chip designers are largely insulated from the fallout. In a fresh assessment, the investment bank argued that Nvidia and Broadcom are comparatively well shielded from the power shortages now crimping data-center buildouts across the United States.
The distinction matters. While delays in bringing AI capacity online could weigh heavily on suppliers of memory, optics and secondary components, Morgan Stanley sees no threat to corporate forecasts for 2027. Regional capacity limits are indeed emerging for utilities and grid operators, yet demand for bespoke accelerators and core components built for demanding AI workloads remains essentially untouched. Existing 2027 planning, in the analysts’ view, stays on solid ground.
That reassurance landed without much fanfare in the market. Broadcom’s stock was changing hands at…
