Taiwan's cooling parts maker Auras (3324) has won back a spot supplying Nvidia's liquid cooling systems, a clear win for the company and its shareholders.

• Auras is back on Nvidia's liquid cooling supplier list and has also landed orders from a US cloud giant's in-house AI chips and AMD's new MI400 platform.
• Key water-cooling parts go into full production from the fourth quarter, pushing sales and profit to a new high.
• Analysts lifted 2026 and 2027 profit forecasts sharply and see the stock reaching NT$2,000.
• The driver is simple: AI chips run so hot that servers are switching from fans to water cooling, and that gear costs far more.

Outlook: Fourth-quarter shipments should be the strongest yet, with AMD orders adding a meaningful slice of sales next year.