Leading international investment banks forecast that the aggregate value of liquid cooling components for NVIDIA's forthcoming AI servers will soar to nearly RMB 400,000. Amidst a relentless upswing in global demand for AI computing capabilities, data centers have witnessed a dramatic escalation in computing density. Traditional air cooling methods are now inadequate to manage the thermal dissipation needs of high-density computing equipment, propelling liquid cooling technology from a viable alternative to an indispensable solution. NVIDIA's strategic roadmap for liquid cooling technology showcases a distinct trajectory of progressive enhancement, transitioning from the initial single-board, one-way cold plate + air cooling hybrid approach of the GB200 to the full cold plate liquid cooling system of the new-generation GB300, and ultimately, towards a two-phase cold plate liquid cooling and silent (immersion) liquid cooling hybrid solution tailored for future scenarios of ultra-high power consumption. Since the dawn of this year, the concept of liquid cooling has captured substantial market interest, with the stock prices of several companies, including Siquan New Materials, Envicool, Kechuangxinyuan, and Tongfei Shares, witnessing a doubling in value year-to-date. In terms of financial performance, numerous liquid cooling concept stocks have exhibited robust growth over the first three quarters, with Yimikang, Tongfei Shares, Kechuangxinyuan, and Feirongda all reporting a year-on-year doubling of their net profits attributable to shareholders. Gaolan Shares, Shuguang Digital Innovation, Siquan New Materials, Yimikang, and Tongfei Shares have all experienced a revenue surge exceeding 50% compared to the previous year.