Posted on 9/22/2026
Manifold +120%, UQD +80%, Cold Plates Flat: Why Rubin's Real Alpha Sits in the Small Parts
With Rubin in full mass production, liquid cooling value per rack jumps from $41,500 for GB200 to $55,700 for NVL144, yet cold plates and CDUs—nearly 90% of system value—follow 'one unit is enough' logic and grow less than expected. The real earnings elasticity lies in three overlooked small parts: manifolds, up 120% as Rubin expands liquid cooling to CPUs, network cards...