Asetek, the creator of the all-in-one liquid cooler, has just seen a 40% drop in its share value in a single day. That's nightmare fuel for most companies and it's not all that surprising. The company said prior to the drop that it now expects lower than expected demand for liquid coolers for the second half of 2024, resulting in a"significant decline in Group revenue.").
The company is publicly traded on the Nasdaq Copenhagen. When the news reached the exchange, the company's share price fell 40% in a single day—from 5.02 DKK to 3.00 DKK. It's declined slightly further since. Today it's sitting at 2.62 DKK. Asetek's liquid coolers are primarily aimed at desktops, though liquid cooling is also used in datacentres.Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.Receive email from us on behalf of our trusted partners or sponsors
Though whether this is a general malaise for liquid coolers in the wider market or one more localised to Asetek is not entirely clear.