Morgan Stanley flags 34% data-center power shortfall through 2028
In short
Morgan Stanley said last month that US data-center developers could face a 34% power shortfall through 2028. That equals 32 GW after counting measures like behind-the-meter generation and fuel cells.
The report says Nvidia and Broadcom may be shielded from the AI power crunch. It does not say how their businesses will be affected or when the shortage will matter most.
What the reporting says
Morgan Stanley estimated last month that US data-center developers face a 34% net power shortfall through 2028, equal to 32 GW after accounting for behind-the-meter generation and fuel cells. The publisher-supplied summary says Nvidia and Broadcom are seen as shielded from the AI power crunch affecting the chip supply chain. The reporting does not say whether the estimate changes company forecasts or when specific shortages will hit.
Why it matters
Morgan Stanley estimated a 34% net power shortfall for US data-center developers through 2028, or 32 GW after offsets such as behind-the-meter generation and fuel cells. The publisher-supplied summary says Nvidia and Broadcom are relatively shielded from the crunch. The reporting does not quantify company impact, pricing effects, or supply-chain disruptions beyond the estimate.