Bullish — $SPCX $NBIS $IREN $CRWV
Morgan Stanley: “We believe this is the most likely outcome” — a residual 38 GW US data-center power shortfall in 2026–28 (33% of 116 GW demand) even after BTM generation, fuel cells and other workarounds.
Chips are still being built faster than the grid can feed them. Time-to-power is the constraint.
That is bullish for the few that can actually offer and execute compute capacity now: $SPCX $NBIS $IREN $CRWV.
Special mention to the power and cooling layer that makes it possible: $BE $MOD $VRT $HPS.A.
Spot the winners and position accordingly.