Morgan Stanley says the current power crunch affecting data centers is unlikely to hit Nvidia and Broadcom as severely as other parts of the chip supply chain. The bank argues that some major chipmakers are more protected, while smaller, component-focused suppliers face higher risk of disrupted orders or inventory strain.
In a note cited by multiple outlets, the firm points to secondary suppliers—including memory makers, optical component manufacturers, and companies making power-management and analog components—as more exposed. Morgan Stanley warns that if data-center deployments are delayed or customer orders are pushed back, these suppliers could see greater gaps between demand and supply.
Outlets broadly agree on the uneven impact across the AI hardware ecosystem, but they frame the exposure slightly differently. NDTV and Quartz emphasize the higher risk to memory and other intermediate component makers. CNA highlights that Nvidia and Broadcom are “shielded,” suggesting that their positions in the supply chain or contracting dynamics provide some insulation from immediate power-related disruption.
