Gas Crunch Could Put Microsoft, Amazon, and AI Data Centers at Risk

Chronometer Partners’ Matt Smith argues a natural‑gas bottleneck could become the biggest constraint on AI infrastructure within 6+ months, potentially elevating gas costs for hyperscalers like Microsoft and Amazon and shifting leverage to producers and exporters such as EQT, Expand Energy, Williams, and Cheniere. The piece highlights five names and two gas ETFs (UNG and BOIL) as potential plays, but cautions about gas price volatility and ETF roll costs as investors size positions carefully.