机构观点 经济观察网2026年2月10日，英伟达即将完成GB300液冷方案认证，维谛技术(Vertiv)在全球系统级合作 伙伴地位面临挑战，中国厂商英维克（002837）崛起。英维克据称拿下英伟达G300中国区液冷机柜近 一半市场份额，并通过英伟达NPN Tier1认证，成为大陆唯一获此认证的液冷供应商。这一事件可能重 塑AI基础设施温控市场格局。 股票近期走势 近7天(2026年2月5日至2月10日)，维谛技术股价波动显著。2月6日单日大涨10.03%，收盘报195.58美 元；2月9日继续上涨3.28%，收盘报202.00美元；但2月10日回调，跌1.18%，收盘报199.62美元。区间 累计涨幅9.34%，振幅达19.76%。成交方面，2月4日成交额环比增78.16%至14.94亿美元，2月10日成交 额约13.46亿美元，显示市场活跃度较高。当前市盈率(TTM)为75.33倍，总市值约763亿美元。 2026年2月10日，Evercore分析师Amit Daryanani维持对维谛技术的"买入"评级，目标价210美元。机构数 据显示，近一个月(2026年2月)有26家机构发布观点，其中77%给予买入或 ...

Core Viewpoint - The liquid cooling market is projected to reach $21.14 billion (approximately RMB 151.77 billion) by 2032, with a CAGR of 33.2% from 2025 to 2032, driven by increasing demand for AI and high-performance computing [1][3]. Group 1: Market Growth and Demand - The liquid cooling market is expected to grow significantly, with a projected market size of $21.14 billion by 2032, reflecting a CAGR of 33.2% from 2025 to 2032 [1][3]. - The demand for liquid cooling solutions, particularly in the liquid cooling plate and CDU segments, is anticipated to increase due to the rising power consumption of server chips driven by AI developments [1][3]. Group 2: Technological Advancements - The evolution of AI is leading to a substantial increase in chip power consumption, necessitating a shift from traditional air cooling to liquid cooling solutions [1][2]. - The next-generation GB300 liquid cooling solutions are expected to see significant upgrades in technology, particularly in the secondary side liquid cooling plates, UQD, and CDU [2]. Group 3: Market Dynamics - The decision-making chain in the liquid cooling market is shifting from a centralized model to a more decentralized one, with potential changes in market dynamics as ODM manufacturers enter the liquid cooling space [3]. - The current global AIDC liquid cooling market is dominated by foreign and Taiwanese manufacturers, but the entry of domestic manufacturers could alter the competitive landscape [3]. Group 4: Investment Opportunities - There are promising investment opportunities in the AIDC liquid cooling sector, particularly benefiting from the rising capital expenditure in North America and the upgrade of GB300 liquid cooling solutions [4]. - Domestic manufacturers are positioned to capitalize on breakthroughs in local chip technology, presenting opportunities for market penetration and replacement of existing solutions [4].