VICR
NASDAQAnalystsStrong Buy4+166%Vicor Corporation stock
Information Technology · Electronic Components
$146.88last close
+65.0%~252d
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Price
+65.00% over 1Y2 auto-fib
Video teardown
A walkthrough of this page: the numbers, the levels, and where it sits.
Thesis
as of 2026-11-08
Bull case
Structural: AI-rack power density (NVL72 ~120kW today, ~250kW Rubin-class roadmap) breaks the legacy 12V bus; 48V-direct-to-PoL with point-of-load vertical power modules is now the default GPU power topology, and Vicor's patented current-multiplier VTM is one of the few production architectures that delivers 1500A+ at <1V at the die edge.
Royalty-bearing IP licensing program (filed against $NVDA-ecosystem peers) is an optional second leg if litigation lands.
(1) ChiP-scale 48V-to-PoL design wins ramping with the next AI accelerator cycle; (2) ITC complaints vs Delta/Foxconn-tier module makers could convert into running royalties; (3) new ChiP fab (Andover) lifts gross-margin ceiling as utilization climbs; (4) defense/aerospace backlog is non-cyclical ballast; (5) sticky sole-source designs once qualified into a GPU board.
Bear case
(1) hyperscalers ($GOOGL $META) are vertically integrating power delivery in-house; (2) $MPWR + $ADI + $TXN compete aggressively on multi-phase 48V VRMs; (3) revenue lumpy on single-customer concentration; (4) Andover fab underutilization weighs on margins until volume ramps; (5) litigation IP thesis is binary and slow.
- 2024-Q4: ITC Section 337 complaint filed vs Delta Electronics, Foxconn, others alleging infringement of factorized-power patents - outcome pending.
- 2024: 48V-direct-to-PoL ChiP modules qualified into next-gen AI accelerator boards (customer unnamed, widely read as $NVDA-ecosystem).
- 2023-2024: Andover, MA ChiP fab brought online - first in-house high-volume module manufacturing, capacity for the AI-power ramp.
- Long-standing aerospace/defense pedigree: VITA-62 / MIL-spec power modules in radar, avionics, satellite buses.
- IP licensing program (announced 2024): royalty-bearing licenses offered to module makers using 48V factorized topologies.
customersHyperscale AI compute OEMs · U.S. Department of Defense primes · Supercomputing / HPC integrators · Industrial automation OEMs
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Top correlated252d co-movement
Related research
Long-form analysis touching VICR
- 5 minVicor (VICR) Q3: $197.1M revenue, royalties tripled to $66.6M, $406M backlogVICR printed $197.1M revenue and $1.33 EPS, above consensus on both. Royalties reached $66.6M, a third of revenue, and lifted gross margin to 68.3%. Backlog is $406M, up 166% in a year.
- 7 minVicor (VICR) - the AI-power name that isn't a utility, and the 48V bottleneck it ownsAI power gets framed as generation: gas, nuclear, VST. Vicor owns the layer that story skips, the last inch of 48V delivery inside the GPU rack. A $9.1B name up 288% in a year, and what could break it.
- 9 minHBM vs DRAM vs NAND: memory ranked by manufacturing difficultyMemory ranks HBM > DRAM > NAND > HDD by difficulty, and that order maps onto how few companies can build each one. Why the DRAM deficit outlasts NAND's.
- 7 minThe AI bottleneck nobody's watching: T-Glass and Nitto Boseki (3110)Every NVIDIA AI server runs on an IC substrate reinforced with low-CTE glass cloth. One Japanese company - Nitto Boseki (3110) - has a near-monopoly on the production-grade version. Why T-Glass is a real AI chokepoint, who it serves (NVDA/MSFT/GOOGL/AMZN), and the valuation trap behind the parabola.
Recent news
High-signal only
Held by ETFs
- AISVistaShares Artificial Intelligence Supercycle ETF2.82%
Key levels
- +1.3%$145.000.786 retr of 80.29->382.65 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -25.0%$195.790.618 retr of 80.29->382.65 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
- -36.5%$231.470.5 retr of 80.29->382.65 (52w) · 2026-11-06Out of reach · reference only
- -45.0%$267.150.382 retr of 80.29->382.65 (52w) · 2026-11-06Out of reach · reference only
Facts
- Exchange
- NASDAQ
- Currency
- USD
- Market cap
- $6.78B
- Last update
- 2026-11-06
Revenue (TTM)$561M
P/E38.4×
P/S12.1×
Net margin32.2%
Frequently asked questions
- Is VICR in AIS?
- Yes, VistaShares Artificial Intelligence Supercycle ETF (AIS) holds VICR with 2.82% (as of 2026-08-05).
- What ETFs hold VICR?
- Vicor Corporation (VICR) is held by AIS (2.82%).
- What AI bubble is VICR in?
- Vicor Corporation (VICR) is mapped to the Semi Equipment / Litho bubble on QuantAbundance. Classifier 2026-05-07: extended tier, corr 0.52 to semi-equipment centroid (29 obs, 2nd: networking-optical 0.520). is_primary_bubble=FALSE.
- What sector is VICR in?
- Vicor Corporation is classified under GICS Information Technology (Electronic Components).
- What is VICR's last close price?
- VICR last closed at $146.88 on 2026-11-06.