Greater datacenter demand could benefit this stock over the long run
One liquid cooling stock could be an unexpected beneficiary of the artificial intelligence boom as datacenters power stronger workloads, according to RBC Capital Markets. Analyst Deane Dray highlighted nVent , a provider of cooling systems used in datacenters that was spun off from Pentair in 2018 , as enjoying a "first-mover advantage" when it comes to keeping large groups of of networked computer servers operating.
Across the board, RBC expects demand for liquid cooling to potentially reach a total addressable market of $2 to $3 billion and grow at a compounded annual rate of 25% as AI demand grows and datacenters require more advanced cooling technology over traditional HVAC companies. "Rising electricity prices, cost-effectiveness, space optimization through higher densities, AI growth, and ESG considerations are among the key market drivers," Dray said.
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