According to a research report from CSC Securities, by 2025, there will be a notable surge in the penetration rate of liquid - cooling technology for NVIDIA's AI chips. The increasing power consumption per chip is set to act as a powerful catalyst, spurring substantial growth in the market size of the liquid - cooling sector.

Currently, several key trends are contributing to the rapid expansion of liquid - cooling applications. Firstly, ASIC rack solutions are gradually embracing liquid - cooling technology. Secondly, domestic manufacturers have rolled out super - node solutions, which is a significant step forward. Thirdly, the maturity of the liquid - cooling industry chain has seen a marked improvement.

As a result of these factors, it is anticipated that the penetration rate of liquid cooling in both the ASIC market and the domestic market will experience a swift uptick. Given these promising prospects, CSC Securities strongly advises investors to keep a close watch on the liquid - cooling industry.