[U.S. Data Centers May Face a 32GW Power Shortage by 2028, Putting Pressure on ASIC, Storage, and Optical Module Supply Chains] BlockBeats News, October 7, Morgan Stanley's latest report indicates that U.S. data centers are expected to face approximately a 34% net power shortage between 2026 and 2028, equivalent to 32GW. The bottleneck may shift from a 'chip shortage' to a 'power shortage,' initially impacting the tail end of supply chains for ASICs, storage, optical modules, power management, and analog chips. The report suggests that NVIDIA and Broadcom, due to their high visibility into the final deployment locations of chips and their globalized operations reducing reliance on the U.S. market, are unlikely to see substantial impacts on their 2027 performance forecasts. In contrast, ASICs are more sensitive to power resources, while storage, optical, and power management products are more susceptible to delays in data center projects, facing risks such as order postponements, cancellations, and inventory adjustments. Morgan Stanley highlighted Oracle's 1.3GW "Project Lighthouse" in Wisconsin as a real-world reflection of this risk: the project's full-power supply may be delayed until October 2028 at the earliest, with a pessimistic scenario extending to spring 2029. Even if AI servers are already installed in racks, they cannot be converted into actual computing power and revenue without sufficient electricity. The report estimates that the baseline scenario for new gas turbine and engine capacity in the U.S. between 2026 and 2028 is approximately 19GW, with Bloom Energy fuel cells expected to contribute around 6GW. Nuclear power and retrofitting crypto mining facilities could provide additional support, but overall, it will still be insufficient to fill the power gap. Meanwhile, overseas expansion faces limitations from regulatory approvals and geopolitical factors, making it difficult to quickly shift demand. [Original Link]