Not just Nvidia: these power and cooling firms are riding the trillion-dollar data centre boom

While Nvidia is synonymous with the AI boom, a lesser-known group of power and cooling equipment suppliers is cashing in on a global data centre construction spree as developers race to avoid infrastructure bottlenecks.

Energy-hungry data centres have triggered a surge ​in demand for equipment ranging from transformers to advanced cooling systems, creating winners across Asia’s supply chain, though earlier stock-price gains have moderated.

McKinsey forecasts ​nearly $7 trillion in data-centre investment globally by 2030; Nvidia last week said it expects AI spending to remain robust for years.