Guojin Securities has issued a research report highlighting NVIDIA's impending launch of the AI server, NVIDIA DGX GB300 NVL72, tailored for the age of AI inference. Boasting ultra-high chip computing power, this server's thermal design power (TDP) has surged, rendering traditional air-cooled heat dissipation technology inadequate for its cooling demands. Consequently, the GB300 server embraces a fully liquid-cooled rack design, spearheading a novel trend in AI server liquid cooling technology. According to IDC projections, China's liquid-cooled server market is poised to experience a 46.8% annual compound growth rate from 2024 to 2029, with the market size anticipated to reach $16.2 billion by 2029. Investors are advised to keep a close eye on the development of the liquid cooling technology industrial chain, particularly focusing on segments such as cold plate, immersion, and spray cooling.