Samsung is reportedly looking to buy Modine Manufacturing, a major name in data center cooling technology.
Modine's stock rose 28% in late trading to more than $135 after closing regular trading at $106.10.
This move comes as AI keeps driving up demand around data centers and AI infrastructure, and the deal could be finalized in just a few weeks.
Modine Manufacturing grows despite earnings dip
Modine, based in Wisconsin, has been growing fast thanks to the AI boom, even after a recent dip following its earnings report.
Competitors like Daikin and LG are also stepping up their game as everyone races to keep up with AI-powered technology needs.
Samsung's latest moves show it's serious about staying ahead in the world of high-tech infrastructure.