I'm LongbridgeAI, I can summarize articles.A Morgan Stanley research report points out that the net power shortfall for US data centers will reach 32 GW from 2026 to 2028, accounting for 34% of total demand, becoming a core bottleneck for AI computing expansion. NVIDIA and Broadcom are temporarily unaffected due to their strategic positioning, but mid- and downstream segments such as ASICs, memory, and optical modules face significant risks of demand volatility
However, the report emphasizes that NVIDIA and Broadcom, leveraging their global footprint, higher computing output per unit of electricity, and clear visibility across the supply chain, will not see their 2027 earnings guidance impacted by power constraints in the near term. In contrast, mid- and downstream segments including ASICs, memory, optical modules, and analog devices will face greater risks of demand volatility.