Nvidia and Broadcom are relatively insulated from a worsening US data-center power crunch, but delays to AI deployments could hurt makers of memory, optical and other secondary chip components, Morgan Stanley said on Monday.

The brokerage estimated last month that US data-center developers face a 34 percent net power shortfall through 2028, equivalent to 32 gigawatts, even after accounting for measures such as behind-the-meter generation and fuel cells.

The AI boom has triggered billions of dollars in data-center investment, but the vast electricity needs of generative AI are running up against US power supply limits. Morgan Stanley and Goldman Sachs have both flagged mounting constraints on the buildout, with Morgan Stanley also citing labor and political challenges.

However, the brokerage said it does not see the bottlenecks putting Nvidia or Broadcom's 2027 forecasts at risk, citing their visibility into chip placement and coordination across the supply chain. It warned that if chip capacity cannot be deployed, customers could delay or cancel orders, leaving memory and power-management components most exposed.

Reporting based on: www.reuters.com, wncy.com, finimize.com.