Bloomberg: Traders Bet French Auto Parts Maker Valeo Will Profit From AI Data Center Liquid Cooling Wave

Bloomberg reports that traders are betting on French auto parts supplier Valeo SE as an unexpected AI data center play, with shares up roughly 40% year-to-date after JPMorgan and Jefferies highlighted the company's power and thermal management capabilities as applicable to data center liquid cooling infrastructure. Valeo had been struggling with weak automotive demand, Chinese competition, and tariff pressure before analysts identified its thermal technology as transferable to the AI buildout. The trade illustrates how the AI data center spending wave is lifting industrial stocks far outside the traditional semiconductor and cloud ecosystem.