2026-10 list · 6 stocks｜Published 2026-10-14 · Updated 2026-11-04
Thermal management stocks make parts and systems that pull heat away from AI server chips as cooling shifts from air to liquid: heat spreaders, cold plates, quick disconnects, heat exchangers and coolant distribution units. Blave's 2026-10 list has 6 stocks, each with a reason and public sources.
Makes thermal and liquid cooling solutions for AI servers; server applications were 66% of Q2 2026 revenue (company slides), and a US broker cited in the press counts it among the main liquid cooling suppliers
Has expanded from server power supplies into liquid cooling cold plates, CDUs and liquid-cooled rack integration; its annual report says liquid cooling shipments to data centers keep growing
Groups of stocks classified by theme rather than by industry.
Theme index: members equal-weighted, dividends included (adjusted prices), rebalanced on the first trading day of each month and whenever a new list takes effect.
Institutional net buying is the sum across member stocks.
Lists are compiled monthly. A company needs at least two public sources showing it has products or revenue in the theme, and each entry carries a one-line reason and source; advisory stock picks and “concept stock list” articles are not used. Older lists are kept, not overwritten.
The stretch before the 2026-10 list took effect is backcast with the 2026-10 list and drawn as a grey dashed line.
Source
Lists compiled by Blave, TWSE, TPEx
Caveat
Backtesting the past with today's list overstates results; use each month's list for that month.
