🎙️ podcast Analysis February 11, 2026 Thoughts on the Market by Morgan Stanley

Morgan Stanley Thematic Research: Compute Supply Shortage Creates Infrastructure Winners

Critical Minerals Defense Nuclear Power Off-Grid Power Generation
Conviction MEDIUM
Risk Profile 2.4/10 (MODERATE RISK)
Horizon 12-18 months
Signal Snapshot Core Theme: Infrastructure Bottlenecks

AI growth drives infrastructure demand

Power shortfall limits data center expansion

Consumer backlash; Policy responses; Geopolitical leverage

Executive Summary

Morgan Stanley identifies a systematic mismatch between compute demand and supply as the defining investment dynamic for 2026. Their analysis reveals a 47 gigawatt power shortfall for data centers, compressing to 10-20% even after innovative solutions. The firm's thematic categories outperformed MSCI World by 16% and S&P 500 by 27% in 2025, with multipolar world dynamics driving the top three performers: critical minerals, AI semiconductors, and defense. A critical political shift is emerging as...

Key Investment Opportunity

Off-Grid Power Generation for Data Centers

Companies providing off-grid power solutions can bypass consumer rate impact concerns while addressing the 47 gigawatt power shortfall

...and 2 more investment opportunities

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