Iran has drawn a target list aimed at the very backbone of America's technology empire. And this time, it is not military bases in its crosshairs.

The Islamic Revolutionary Guards Corps (IRGC) has designated 18 US technology giants - including Apple, Nvidia, Tesla, Microsoft, Google, Amazon, Oracle and Intel - as "legitimate military targets" in the Middle East. The intended targets are not soldiers or ships, but data centers, AI parks and communication nodes.

What could be hit next?

Beyond the already claimed strikes on Amazon and Oracle facilities in Bahrain and the UAE, there are three categories of potential targets:

Undersea cable landing stations - the physical chokepoints of the global internet, carrying 90% of data traffic between Europe and Asia.

AI supercomputing hubs - such as the "Stargate" AI park in the UAE, built with OpenAI, Oracle, Nvidia and Cisco.

Cloud data centers - operated by Microsoft, Google and other named firms across the Gulf.

Why this matters globally

The Gulf has become a critical computing power base for US tech giants, attracted by cheap and abundant electricity. According to the Financial Times, US data centers face a 40% power shortfall by 2028 - making Middle Eastern servers irreplaceable.

Iran's strategy appears designed to cut off this computing power supply line. The ripple effects could be severe.

Three global risks

First, a blow to US economic growth. AI and related industries contributed nearly 40% of the United States' GDP growth in 2025, according to St. Louis Fed data. Oxford Economics has warned that a tech downturn could drag US growth below 1% in 2026.

Second, shaken investor confidence. Middle Eastern sovereign wealth funds - including Saudi Arabia's Public Investment Fund and Abu Dhabi's investment vehicles - are major backers of American AI. Attacks on regional facilities could trigger capital flight.

Third, a broken supply chain. The conflict is shattering the idea that "technology knows no borders." Tech giants will be forced to spread their risks, driving up operational costs - costs that will eventually reach business cloud fees and household bills.

The IRGC says its campaign is retaliation for US and Israeli strikes on Iranian targets. Whether the attacks expand or not, one thing is clear: the digital infrastructure of the global economy is no longer off the battlefield.

(Cover via VCG)