During the second quarter of 2025, the capital expenditure of the four leading North American internet companies surged by an impressive 64% year-on-year, amounting to a collective total of $95.8 billion. This development paints a highly optimistic picture for the industry. Notably, Google and Meta have revised their full-year projections upwards, while Amazon and Microsoft have equally showcased robust growth. The proliferation of AI chip liquid cooling and the escalating power consumption per chip are key factors propelling significant growth in the projected size of the liquid cooling market. Furthermore, the evolution of ASIC rack solutions and domestic super-node solutions is poised to further broaden the market scope for liquid cooling. CSIC strongly recommends maintaining continuous scrutiny of the liquid cooling sector and the evolving trends within the broader computing power industry chain.