Morgan Stanley estimates 70 GW power shortfall for US data centers by 2028

Morgan Stanley projects a 70 GW power shortfall for US data centers by 2028, driven by surging demand from artificial intelligence and cloud computing workloads. This significant energy deficit threatens to constrain the expansion of critical digital infrastructure, potentially delaying major data center projects across the United States. The shortage is expected to intensify competition for limited power resources, forcing tech companies to navigate stricter regulatory environments and higher operational costs. Investors should monitor utility capacity announcements and regulatory approvals, as these factors will determine the pace of infrastructure development. The gap between power supply and demand may also accelerate the adoption of alternative energy solutions and nuclear power contracts to secure reliable electricity sources.