Chemours (CC) Soars 18% as Firm Expected to Benefit From AI, Chip Boom

We recently published 10 Stocks With Whopping 11-97% Upside. The Chemours Company (NYSE:CC) is one of the best-performing stocks on Wednesday.

Shares of The Chemours Company (NYSE:CC) soared by 17.95 percent on Wednesday to close at $14.65 apiece as investors cheered the successful qualification of its Opteon cooling liquid from Samsung Electronics, marking a significant milestone amid the growing demands from AI and semiconductor firms.

In a statement, The Chemours Company (NYSE:CC) said its Opteon two-phase immersion cooling fluid received Samsung’s qualification and compatibility with its 4th generation Solid State Drives (SSD), providing certainty to server manufacturers and increased adoption.

“Our innovative technology offers superior compatibility, enables higher IT loads, with fewer equipment failures, and dramatically less energy and water use—all of which translates to reduced costs for downstream users. We’re eager to continue working with Samsung and the broader industry to bring this breakthrough technology to market,” said Denise Dignam, president and CEO of The Chemours Company (NYSE:CC).

To ensure swift qualification, the firm partnered with Samsung, tank manufacturer Liquid Stack, and semiconductor firm PKI Corp. to conduct performance testing using a commercial-scale 48U immersion cooling tank. Samsung and PKI established a robust testing and qualification process to support current and future generation qualifications. The equipment met all compatibility targets, with no sign of degradation.

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