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中文(ZH) 中信证券:重视深度参与液冷供应链玩家

CITIC Securities highlights liquid cooling supply chain growth opportunities

CITIC Securities has identified significant growth potential in the liquid cooling supply chain, driven by the mass production of the Rubin platform and increasing demand for liquid cooling in optical modules. The firm anticipates an acceleration in order volume for domestic manufacturers by 2026, provided they possess strong production capabilities, deep client relationships, and scalable capacity. Consequently, CITIC Securities recommends focusing on supply chain companies that can meet these criteria. AI

IMPACT Potential for increased demand in cooling infrastructure for AI hardware.

RANK_REASON Analyst report discussing industry trends and investment opportunities.

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  1. 36氪 (36Kr) TIER_1 中文(ZH) ·

    CITIC Securities: Attaching importance to players deeply involved in the liquid cooling supply chain

    36氪获悉,中信证券研报称,Rubin平台量产驱动液冷行业从预期转向订单交付,叠加光模块液冷需求从0到1放量,产业链全环节需求同步释放。同时,中信证券认为国内厂商已经过长期验证配合,终端客户的订单放量节奏有望在2026年加速。因此,中信证券建议重点关注具备量产交付能力、客户深度绑定、产能扩充节奏匹配下游落地的供应链厂商。