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Investing.com - JPMorgan has raised its price target on Asia Vital Components Co Ltd (TPE:3017) to NT$1,200.00 from NT$1,145.00 while maintaining an Overweight rating on the stock.
The adjustment reflects JPMorgan’s view of growing liquid cooling total addressable market (TAM), including increased cold plate content in both GPU and ASIC systems.
JPMorgan still anticipates the adoption of new Micro-Channel Lid (MCL) in Rubin GPU in the second half of 2026, which could negatively impact Asia Vital Components’ cold plate demand.
The firm notes that new large-sized cold plate modules adopted on additional Rubin CPX GPUs may mitigate potential impact from MCL replacement and might increase total cold plate content in the Vera Rubin compute tray.
As one of the leading cold plate suppliers, JPMorgan believes Asia Vital Components should be a major beneficiary through 2026 and 2027, driven by the accelerating ASIC liquid cooling market and new Rubin CPX GPU cold plate demand.
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