JP Insights(@jpinsights):$SLB is paying ~$4.1B including debt for Kelvion, with data center cooling central to the deal. The combined business is expected to do >$2B of data center revenue in 2026, with SLB targeting $4.5–5.0B by 2028. This is something we have been talking about for the better part of the last year. As AI factories get denser and more complex, cooling becomes an even bigger part of the equation. $VRT remains one of my highest-conviction holdings, and the case keeps getting easier to make. It is also becoming much harder for FinX to ignore the thermal layer of the AI buildout.

JP Insights

@jpinsights

I write about the boring stuff behind AI. Longer analysis available on my Substack. NFA

参加 September 2016

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JP Insights@jpinsights

2026.08.31 12:47

$SLB is paying ~$4.1B including debt for Kelvion, with data center cooling central to the deal. The combined business is expected to do >$2B of data center revenue in 2026, with SLB targeting $4.5–5.0B by 2028. This is something we have been talking about for the better part of the last year. As AI factories get denser and more complex, cooling becomes an even bigger part of the equation. $VRT remains one of my highest-conviction holdings, and the case keeps getting easier to make. It is also becoming much harder for FinX to ignore the thermal layer of the AI buildout.