中信证券：液冷渗透率提升行业扩容 看好国内企业出海机遇

Core Viewpoint - The demand for liquid cooling is clearly increasing due to the rising power density of AI servers designed with custom ASIC chips and NVIDIA GPUs from companies like Google, Meta, Microsoft, and AWS [1] Group 1: Market Trends - The continuous rollout of ASIC chips and NVIDIA's GB300 will significantly enhance the penetration rate of liquid cooling solutions [1] - The market space for liquid cooling is expected to expand substantially as a result of these technological advancements [1] Group 2: Domestic Companies - Domestic liquid cooling companies are noted for their excellent capabilities in technology, product quality, cost, and service [1] - There is optimism regarding the potential for domestic companies to expand internationally [1]