These 4 Asian stocks are set to pop on an AI server cooling boom, Nomura says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 55%
  • Publisher: 72%

Breaking News: Technology News

Technology,NVIDIA Corp,Jefferies Financial Group Inc

This technology is becoming essential to support Nvidia and other tech giants' artificial intelligence server needs, Nomura analysts say.

One type of technology is becoming essential to support Nvidia and other tech giants' artificial intelligence server requirements, according to Japanese bank Nomura. That's liquid cooling, a cooling technology used in data centers which helps to improve power and cost efficiency. The type of cooling used to date has been air cooling, but companies are starting to look for other options, according to Nomura.

Against that backdrop, Jefferies is bullish on four Asian stocks it says will be "key beneficiaries" of the liquid cooling trend. AVC: Jefferies says AVC should have at least 50% market share in top cloud service providers' cold plate orders for Nvidia's G200. Cold plates are a component that transfers heat from the device that dissipates it in another cooling system. It gave the stock a price target of 743 Taiwan dollars , implying about 30% upside.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Risk of collapse in US tech stocks and rate cut expectations: NomuraRisk of collapse in US tech stocks and rate cut expectations: Nomura
Source: Investingcom - 🏆 450. / 53 Read more »