By Jaydeep Gadhavi
Publication Date: 2026-10-07 06:02:00
Morgan Stanley highlights strong supply chain visibility as power grid bottlenecks threaten secondary chip suppliers.
Leading chipmakers Nvidia and Broadcom remain well insulated from an intensifying power shortfall facing US data centres, according to a report from Morgan Stanley. However, potential delays in artificial intelligence infrastructure deployments could trigger inventory disruptions for memory, optical, and secondary component manufacturers.
The brokerage estimates that US data centre developers face a net power deficit of 34 per cent through 2028—equivalent to a 32 GW shortfall—despite mitigation efforts including on-site behind-the-meter generation and fuel cell installations. While skyrocketing AI demand has attracted billions of dollars in infrastructure investment, power grid capacity constraints are becoming a primary bottleneck.
Morgan Stanley noted that these grid limitations will not impact 2027 earnings forecasts for Nvidia or Broadcom, citing…
