By Daragh Thomas
Publication Date: 2026-10-05 18:51:00
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A 32-gigawatt power shortfall could delay America’s AI data-center boom, but Nvidia Corp. (NASDAQ:NVDA) and Broadcom Inc. (NASDAQ:AVGO) may be surprisingly well protected, according to Morgan Stanley.
Morgan Stanley estimates U.S. data-center developers face a 34% net power shortfall through 2028, equivalent to 32 gigawatts, even after accounting for workarounds such as fuel cells and power generated directly at data-center sites, according to Reuters.
The bank does not see the bottleneck putting Nvidia or Broadcom’s 2027 forecasts at risk. Instead, some of the pain could move further down the semiconductor supply chain.
Why Nvidia and Broadcom May Be Protected
Morgan Stanley pointed to the companies’ visibility into where chips are being deployed, geographic expansion and coordination with data centers and the power industry….
