Core Viewpoint - Lens Technology (06613) has seen a stock increase of over 3%, currently at 25.7 HKD, with a trading volume of 52.058 million HKD, following the announcement of a proposed acquisition of 100% equity in Peimei Gao International, which holds a 95.1164% stake in Yuan Shi Technology [1] Company Summary - Lens Technology has signed a letter of intent with an independent third party to acquire Peimei Gao International, which is involved in the production and sales of server cabinets and liquid cooling modules [1] - The acquisition is expected to be completed next year and will help Lens Technology enter the NVIDIA AI server supply chain, significantly boosting its AI server business scale [1] - Credit Lyonnais has reiterated a "outperform" rating for Lens Technology, maintaining a target price of 38 HKD [1] Industry Summary - Yongxing Securities believes that liquid cooling is likely to become a trend in the industry due to increasing chip power consumption, with the TDP of GB300 expected to rise to 1400W and NVIDIA's next-generation Rubin Ultra GPU potentially reaching 2300W [1] - According to ASHRAE recommendations, liquid cooling technology is advised when chip TDP exceeds 300W and cabinet power density exceeds 40kW [1] - The growing energy consumption requirements in data centers are also driving the development of the liquid cooling industry [1]