Group 1 - The core viewpoint is that liquid cooling solutions are becoming the mainstream technology path for energy saving in data centers due to their higher cooling efficiency and lower PUE, especially after 2025 with significant improvements in AI server power consumption and chip power [1] - The global liquid cooling market is expected to reach $21.8 billion by 2027, driven by accelerated penetration and technology upgrades [1] - The current liquid cooling supply chain is dominated by Taiwanese manufacturers, but domestic manufacturers are presented with significant opportunities as chip manufacturers gradually participate in the liquid cooling supply chain [1] Group 2 - In the A-share market, liquid cooling server concept stocks experienced a surge, with companies like Yidong Electronics and Tongfei Co. both hitting the 20% daily limit, and Invech also reaching its daily limit, marking historical highs for these stocks [3] - Other companies such as Chuanrun Co. and Kuaike Intelligent also saw their stock prices hit the daily limit, with multiple other stocks following suit [3]