AI Data Center Cooling Playbook: $16B+ in Public Orders, Modine Down 7.5% Then Up 46%
FinanceYF5 · x · 2026-10-16
A 10-minute breakdown of investment opportunities in AI data center cooling. Key thread: Jensen Huang said at CES that Nvidia's next-gen racks will use 45°C warm water instead of chillers, sending Modine down 7.5% the next day — only to rebound 46% within a month, as chillers survive as a fallback. Single-phase cold plates are largely locked up by Eaton, Ecolab, Vertiv, Trane and Schneider, with publicly priced orders totaling over $16B. The still-open windows: two-phase and in-chip cooling, leak-proof fittings, and liquid cooling O&M. China is being pushed into liquid cooling by PUE regulations, though high volume doesn't mean high margins. Not investment advice.
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