AI Computing Power "Heat Dissipation" Triggers Capital Enthusiasm, Public Funds Intensively "Hunt" Liquid Cooling Track

[Global Network Financial News] As the first quarter of 2026 gradually comes to an end, the trend of public fund research has become a market indicator. In cutting-edge sectors such as semiconductors, new energy, and artificial intelligence, fund managers are uncovering truly competitive “gold” from the complex industry landscape. Data from Wind shows that recent public funds’ research on listed companies remains strong, especially in liquid cooling technology, a key infrastructure for AI computing power, which is transitioning from technical validation to large-scale commercial use. This industry shift has attracted significant capital attention, with multiple listed companies in the supply chain receiving intensive research from public funds.

According to March research data, institutional investors have explored multiple fields including heavy electrical equipment, public utilities, and industrial machinery. Among them, Daikin Heavy Industry, a leader in heavy electrical equipment, was the most popular recently, with 181 institutions conducting research, including 36 fund companies. It has attracted attention from numerous institutions. Following closely are Southern Power Grid Energy Storage and World, with 83 and 71 institutions respectively, each with more than 17 fund participants. Fund managers are not limited to industry giants; small- and mid-cap companies with technological features and growth potential are also favored. For example, companies like Silingzhi Drive and Guangli Technology received over 50 institutions’ focused research, indicating deepening capital interest in specialized and innovative enterprises.

Among many sectors, the liquid cooling industry chain is particularly noteworthy. With rapid advancements in AI technology, the demand for computing power is skyrocketing, and cooling high-power chips has become increasingly critical. Liquid cooling technology is shifting from an optional feature to a necessity in data center construction. This trend is clearly reflected in the research lists of public funds. For instance, Weilili received concentrated research from 19 public funds including China Merchants Schroder, ICBC Credit Suisse, and Bosera Fund, showing strong institutional interest in its layout in liquid cooling and robotics. Gaolan Co., an early player in water-side liquid cooling, is highly regarded for its position in data centers, having hosted institutions like Southern Fund and Invesco Great Wall Fund in early March. It currently has orders worth approximately 1.456 billion yuan, with a significant portion in DC and data center sectors, supported by solid fundamentals.

Other leading companies in the liquid cooling niche also attract frequent capital attention. Yinlun Co., in early March, was collectively researched by firms such as Invesco Great Wall, Western Lida, and Quanguo Fund. The company detailed its “1+2+N” development strategy for data center liquid cooling and revealed collaborations with top domestic and international clients. Lingyi Intelligent Manufacturing received research from five fund companies including China Europe, Dacheng, and GF Fund, focusing on its AI computing server liquid cooling products and solutions. Additionally, companies involved in electronic components, integrated circuits, and cooling technology like Binglun Environment and Shunluo Electronics also appeared on the research lists, reflecting comprehensive institutional layout across the AI industry chain.

Industry experts point out that the recent intensive research by fund managers on listed companies in the liquid cooling sector is not mere follow-the-leader hype but a deep industry-driven forward-looking move. As a critical solution to address the “thermal bottleneck” in AI computing power, the commercialization of liquid cooling technology is increasingly certain. With the proliferation of large model training and inference applications, heat dissipation has become a core bottleneck restricting performance release. Increasing penetration of liquid cooling will create substantial market growth. The early deployment and in-depth tracking by institutional funds demonstrate high market recognition for companies with core technological barriers and industrialization capabilities. It is expected that leading liquid cooling companies with first-mover advantages and mass delivery capacity will continue to benefit from the wave of AI computing power development, becoming a highly certain investment theme within the tech sector. (Wen Xin)