
The $1.64 Billion Company That Doesn't Make AI Chips—It Cools Them
The chip is the hero. The cooling system is the janitor. That is the hierarchy that has governed computing since the first vacuum tubes glowed hot in a Pennsylvania basement. Nvidia designs the GPUs that power the AI revolution and gets a $3 trillion market cap. Intel and AMD design the CPUs that run the cloud and get headlines. The companies that cool those chips—the fan makers, the heatsink manufacturers—get commodity margins and zero glory. The chip is the brain. The cooling is the plumbing.






