What are the top stocks in the Power Semis theme?

QuantAbundance's Power Semis theme tracks 4 stocks ranked editorially: VICR, NVTS, MPWR, ON.

Do Power Semis stocks move together?

The Power Semis theme has a 252-day average correlation of 0.60 across its members - decent co-movement. Editorial themes are narrative groupings, not capital-flow validated; tradability follows correlation, not the story.

Theme

Power Semis

Power conversion and management silicon - the unloved bottleneck of the AI buildout.

0.599avg corr (252d)

4stocks

Decent co-movement

Stocks · key Fib levels

#1
VICRVicor Corporation
$146.88last
- fib
anchored by Hyperscale AI compute OEMs · U.S. Department of Defense primes · Supercomputing / HPC integrators · Industrial automation OEMs
- 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.
#2
NVTSNavitas Semiconductor Corporation
$8.61last
$257.00fib
−96.6%vs fib
anchored by NVIDIA · Hyperscaler PSU vendors · EV OEM Tier-1 suppliers · Mobile fast-charger OEMs
- 2026-05: Named $NVDA partner on 800V HVDC reference architecture for next-generation AI GPU rack power distribution; stock re-rated higher on the disclosure.
- 2025-08: GeneSiC acquisition closed, adding full SiC product line and combining GaN + SiC under one roof.
- AI data center: 4.5kW and 8.5kW GaN/SiC PSU reference designs targeting hyperscaler PSU vendors.
- EV: 6.6kW and 11kW GaN onboard charger designs with multiple OEM and Tier-1 engagements.
- Mobile / consumer: GaNFast devices shipping in fast chargers across $AAPL ecosystem peers, $XIACY, Oppo, and others.
#3
MPWRMonolithic Power Systems, Inc.
$1190.44last
- fib
anchored by NVIDIA · undisclosed hyperscalers · undisclosed automotive OEMs
- 2024-2025: incumbent power-stage supplier on $NVDA Hopper (H100/H200) generation
- 2025: design-win disclosure on $NVDA Blackwell GB200 rack-scale power modules (partial, second-sourced with Infineon)
- 2024+: 48V-to-PoL module ramp into hyperscaler custom-ASIC programs (customers undisclosed)
- Auto: 48V mild-hybrid + ADAS power-management sockets at undisclosed European and Asian OEMs
- Enterprise data segment crossed ~40% of revenue in FY2025 vs ~20% pre-2023
#4
ONON Semiconductor Corporation (onsemi)
$63.31last
- fib
anchored by Tesla · BMW · Volkswagen · Hyundai · BorgWarner · Mercedes-Benz
- 2023-11: $1.95B 10-year SiC LTSA with $VWAGY (Volkswagen MEB platform)
- 2023-07: Multi-year SiC supply agreement with $BMWYY for Neue Klasse 800V traction inverter
- 2022-11: $TSLA SiC traction inverter (Model 3/Y) - onsemi is a confirmed second source alongside $STM
- 2024-05: Hyperlux image-sensor design wins with $HYMTF (Hyundai/Kia) ADAS programs through 2030
- 2023-04: Long-term SiC supply agreement with BorgWarner $BWA for 800V inverter modules
- 2024-Q4: East Fishkill 300mm power-IC fab first revenue (intelligent power)

Co-movement matrix (252d)

	MPWR	NVTS	ON	VICR
MPWR	·	0.57	0.72	0.60
NVTS	0.57	·	0.56	0.57
ON	0.72	0.56	·	0.57
VICR	0.60	0.57	0.57	·

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Frequently asked questions

What are the top stocks in the Power Semis theme?: QuantAbundance's Power Semis theme tracks 4 stocks ranked editorially: VICR, NVTS, MPWR, ON.
Do Power Semis stocks move together?: The Power Semis theme has a 252-day average correlation of 0.60 across its members - decent co-movement. Editorial themes are narrative groupings, not capital-flow validated; tradability follows correlation, not the story.