The company that invented the AIO cooler has seen its share price plummet 40% due to a slump in demand
Asetek, the creator of the all-in-one (AIO) liquid cooler, has just seen a 40% drop in its share value in a single day. That's nightmare fuel for most companies and it's not all that surprising. The company said prior to the drop that it now expects lower than expected demand for liquid coolers for the second half of 2024, resulting in a «significant decline in Group revenue.»
«Asetek A/S has received updated purchase forecasts from a number of the company’s largest OEM customers,» the company said on June 11 (via Overclock3D). «Based on these new forecasts, the expected increase in demand in the second half of 2024 of the company’s liquid cooling products may not materialize.»
The company has suspended its guidance for 2024, effectively throwing its hands in the air and saying it isn't sure what the future may hold.
The company is publicly traded on the Nasdaq Copenhagen. When the news reached the exchange, the company's share price fell 40% in a single day—from 5.02 DKK to 3.00 DKK. It's declined slightly further since. Today it's sitting at 2.62 DKK.
You might not know Asetek as a brand but you've likely used one of its products. The company invented the all-in-one (AIO) liquid cooler, and it's been responsible for making many popular models around today, including those from Thermaltake, Lian Li, NZXT, Phanteks, Asus ROG and more. It also works with system builders, including Alienware, iBuyPower, Falcon, and Overclockers UK.
It's these component makers and system builders that generate the demand for Asetek products, and they're just not biting right now. The PC market is in a bit of a slump, which most firms are hoping AI will drag them out of. However, most 'AI ready' devices today, such as Copilot+ PCs, are laptops today.
Asetek's liquid coolers are primarily aimed at desktops, though liquid cooling is also used in datacentres.
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