America’s power grid is running out of juice — and these stocks stand to gain

According to research from Morgan Stanley, rising electricity demand driven by artificial intelligence workloads and rapid data center expansion is outpacing the capacity of the U.S. power grid. As computing capacity requirements accelerate faster than utilities can expand infrastructure, significant supply deficits are emerging across regional grids. This supply-demand imbalance is creating unique strategic advantages for specific alternative energy suppliers, infrastructure providers, and unconventional operators capable of navigating power constraints. Morgan Stanley identified SpaceX alongside several energy and infrastructure companies as well-positioned beneficiaries of this deepening AI power crunch. The bank notes that SpaceX's recent strategic acquisitions and capabilities position the company to leverage energy bottlenecks to its advantage. Other highlighted beneficiaries include power equipment and generation firms such as GE Vernova and Vistra, which stand to capture substantial market share and premium pricing as data centers seek immediate and dedicated power solutions to maintain operational scalability.