Trump Says Will 'Not Let Anybody Have' Nvidia Chips—But Satya Nadella Reveals MSFT's Chips Are Lying In 'Inventory' Due To Power Shortage - Microsoft (NASDAQ:MSFT)

Core Insights - The primary bottleneck for AI growth is shifting from GPU supply to power and data center infrastructure, as stated by Microsoft CEO Satya Nadella [2][4] - President Trump announced that the U.S. will not share Nvidia's advanced chips with China, emphasizing national security concerns [3] Group 1: AI Infrastructure Challenges - Nadella highlighted that the real constraint in AI development is the lack of power and the ability to build data centers quickly, rather than a shortage of chips [2][4] - Microsoft’s Azure cloud growth has been directly impacted by this infrastructure limitation, which is now constrained by physical resources rather than silicon supply [4] Group 2: Future of Data Centers - Experts are discussing innovative solutions like orbital data centers to address power shortages, with venture capitalist Chamath Palihapitiya warning that electricity rates could double in the next five years [5] - Jeff Bezos supports the idea of orbital facilities, predicting they could become cost-competitive within two decades due to constant solar power availability [5][6] Group 3: Microsoft Financial Performance - Microsoft has achieved a year-to-date return of 23.71% and a 26.77% return over the past year, despite a recent decline of 1.51% [6]