Outlier Capital(@outliercapx):Told you. $VRT $MOD Heat is a HUGE new constraint. Cooling TAM going $25B → $63B by 2030 (~25% CAGR, faster than the capacity build itself). Liquid cooling penetration on new capacity 70% → 85%. CDUs + cold plates are the high-growth pieces. $VRT just confirmed it in the most violent way possible: • Revenue $4.31B (+61% YoY, 55% organic), crushed ~$3.75B est. • Adj EPS $2.21 vs $1.82 est (+21% beat, +78% YoY). • Organic orders >100% YoY. • Adj Op. Margin 25.2% (+290 bps). • Raised full-year 2026 guide again. • Customers already prepaid $4.1B. Premarket ripping +18% to ~$246. This is the AI power & cooling bottleneck printing in real time. $VRT and $MOD sit right in the middle of the highest-intensity part of the stack. We flagged the setup weeks ago. Still long $MOD (the most asymmetric one). Heat is not optional. NFA.

2026.10.28 12:13

Told you. $VRT $MOD Heat is a HUGE new constraint. Cooling TAM going $25B → $63B by 2030 (~25% CAGR, faster than the capacity build itself). Liquid cooling penetration on new capacity 70% → 85%. CDUs + cold plates are the high-growth pieces. $VRT just confirmed it in the most violent way possible: • Revenue $4.31B (+61% YoY, 55% organic), crushed ~$3.75B est. • Adj EPS $2.21 vs $1.82 est (+21% beat, +78% YoY). • Organic orders >100% YoY. • Adj Op. Margin 25.2% (+290 bps). • Raised full-year 2026 guide again. • Customers already prepaid $4.1B. Premarket ripping +18% to ~$246. This is the AI power & cooling bottleneck printing in real time. $VRT and $MOD sit right in the middle of the highest-intensity part of the stack. We flagged the setup weeks ago. Still long $MOD (the most asymmetric one). Heat is not optional. NFA.

Outlier Capital@outliercapx

2026.10.16 11:56

$MOD $VRT Bernstein: US data center cooling TAM goes from ~$25B (2026E) to ~$63B (2030E) — ~25% CAGR. That’s faster than the capacity build itself. Liquid cooling penetration on new capacity rises from ~70% to ~85%. CDUs and cold plates are the high-growth pieces Heat is the new constraint. We are long $MOD. NFA.