- Zhejiang Securities reports a significant increase in overseas capital expenditure (Capex) for Q2 2025, indicating a strong growth cycle in the AI industry.
- The demand for liquid cooling solutions is expected to rise sharply, driven by NVIDIA GPUs and self-developed ASIC chips from major cloud providers, with the liquid cooling market projected to reach approximately 1,082 billion yuan by 2027.
- Key companies to watch include Invec (002837.SZ), Shenling Environment (301018.SZ), and Kexin Innovation Source (300731.SZ).