Understanding the Market | BYD ELECTRONIC rises over 9% as AI drives growth in the liquid cooling market, the company enters the NVIDIA supply chain

According to Zhitong Finance APP, BYD Electronic (00285) has risen over 9% again, with the stock closing up 7.73% yesterday. As of the time of writing, it has increased by 9.15%, trading at HKD 38.66, with a transaction volume of HKD 2.16 billion.

On the news front, recent overseas CSP major manufacturers and related liquid cooling suppliers have released their Q2 performance and full-year guidance for 2025, with results exceeding market expectations and Capex continuing to be adjusted upwards. In addition, Huachuang Securities believes that as NVIDIA's GB200 to GB300 chips enter mass production and delivery, the usage of cold plates will further increase. At the same time, Microsoft and Google have also announced that new data centers will support liquid cooling. Guosen Securities previously pointed out that through close cooperation with NVIDIA, BYD Electronic has made significant progress in liquid cooling technology. The company has mastered immersion liquid cooling technology and plans to launch corresponding server products. BYD Electronic's subsidiary Lead Wealth, as one of the infrastructure partners for NVIDIA's Blackwell platform, is expected to further expand its supply business for AI server-related components and parts through NVIDIA in the future.

In addition, it was recently reported that Apple is collaborating with a brain-computer interface company to develop a technical standard for "manipulating Apple devices using brain signals." A demonstration video released on Monday showcased the progress of this technology for the first time. The demonstration video shows a patient with ALS successfully controlling an iPad using brain-computer equipment through thought, demonstrating operations such as using "Shortcuts" with the brain-computer interface