Vicor Corp

We believe Vicor is a core beneficiary of the AI supercycle. Despite recent market volatility, we recognize that holding our core positions, including Vicor, could have significantly improved our returns. The ongoing advancements in AI technology and the increasing demand for productivity enhancements position Vicor favorably in the market. We are committed to maintaining a long-term view and investing in companies like Vicor that are poised to benefit from these trends.

We added Vicor, a leading U.S. designer and manufacturer of high-performance power modules, as a core position. Vicor is positioned to benefit from rising AI-driven power requirements and the transition toward HVDC architectures. Despite this, Vicor remains a misunderstood small-cap company with limited Wall Street coverage. We believe company guidance and street consensus are way too conservative and Vicor is a multi-bagger set to capture a multi-year tailwind. Vicor’s differentiated architecture and industry-leading technology have enabled long-standing relationships with key AI players. We believe Vicor is on the cusp of adding more customers as the industry leader in the last mile HVDC power delivery.

We added Vicor, a leading U.S. designer and manufacturer of high-performance power modules, as a core position. Vicor is positioned to benefit from rising AI-driven power requirements and the transition toward HVDC architectures. Despite this, Vicor remains a misunderstood small-cap company with limited Wall Street coverage. We believe company guidance and street consensus are way too conservative and Vicor is a multi-bagger set to capture a multi-year tailwind. Vicor’s differentiated architecture and industry-leading technology have enabled long-standing relationships with key AI players. We believe Vicor is on the cusp of adding more customers as the industry leader in the last mile HVDC power delivery.