Morgan Stanley: US AI data centers face a power gap equal to six New York Cities

FinanceYF5 · x · 2026-09-23

Morgan Stanley projects total data center power demand will reach 257GW by 2028, leaving a 30-40% gap between US supply capacity and sales forecasts.

For context, New York City's base load is roughly 5.5-6GW — meaning the US is effectively short about six New York Cities' worth of electricity, underscoring the strain AI compute expansion is placing on the grid.

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