J P M O R G A N Asia Pacific Equity Research 26 February 2026 Cooling components Potential LPU/LPX rack introduction to benefit liquid cooling vendors One of the most FAQ from investors is what could be the impact of the potential LPU/LPX rack launch from Nvidia. In our view, liquid cooling component vendors, especially cold plate and QD (Quick Disconnect) vendors, AVC (3017.TW) and Fositek (6805.TW), will become the key beneficiaries of LPU/ LPX rack launch, as we believe this new inference system will be ...