Delta Electronics becomes Thailand's first $100B company on AI cooling demand

Nvidia supplier Delta Electronics Thailand surged 10% after a US Supreme Court tariff ruling improved demand outlook for its AI cooling equipment. The company gets about one-third of its revenue from the US and saw 20% revenue growth last year from strong power-electronics and data center sales. Year-to-date gains now exceed 49%, making Delta the first Thai stock to top $100B market cap. The milestone underscores how AI infrastructure demand is creating breakout growth for supply chain companies well beyond chip makers.

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