A-share liquid cooling server stocks slump; Inspur near limit-down

The sharp selloff across liquid cooling server names suggests a broad derating of the theme rather than company-specific news, as multiple unrelated suppliers fell in tandem. This points to profit-taking or a shift in sentiment toward high-growth hardware plays, possibly tied to earlier rallies or positioning ahead of earnings. The move affects both system integrators like Inspur and component makers, indicating the correction is hitting the entire supply chain. Whether this is a short-term pullback or the start of a sustained revaluation will depend on upcoming order flows and whether the sector can reclaim support levels.