For informational purposes only. Not financial advice, not a recommendation to buy or sell any security. Standing Order is a directory and research project, not an advisory service.
Price · 1Y
$55.16
Thesis
Delta Electronics is the leading supplier of high-efficiency power and thermal systems for data centers — the power-supply units, busbars, and liquid-cooling that GPU racks consume far more of than traditional servers. As rack power density climbs, Delta's content per rack rises with it.
The investment case is a profitable picks-and-shovels play on data-center power and cooling, with secular tailwinds from electrification and EVs alongside AI. Risks: customer concentration among server ODMs, component cyclicality, and competition in power electronics.
Catalysts
- Data-center power and cooling content per AI rack
- Liquid-cooling adoption curve
- AI-server power-supply order flow
- EV and industrial-automation demand