Vicor Stock Surges on AI Licensing Deal Before Revenue Outlook Hike
Vicor (VICR) stock surged by over 21% in the week leading up to September 21, driven primarily by a new licensing deal for its Vertical Power Delivery technology with an unnamed major AI hardware manufacturer. The announcement came after market close on September 16 and led to a significant one-day gain of 17.7%. Vicor later raised its Q3 revenue growth guidance from nearly 10% to over 20%, citing the licensing deal as a key factor. The company's management highlighted that their technology offers superior current density compared to competitors, which could be further bolstered by potential import bans stemming from ongoing ITC patent cases. Vicor is also planning for future growth through expansion of its manufacturing capabilities with plans to build a second factory expected to come online in late 2027 or early 2028. Despite the recent rally, Vicor's stock remains below its 52-week high and trades at around $10.3 billion market cap on about 22 times trailing revenue. The valuation is still largely based on future licensing deals and factory expansions that are yet to materialize.
Topics: AI hardware licensing deal power delivery technology revenue guidance