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September 01, 2020 1:33pm
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Vicor (VICR) Shares Skyrocket, What You Need To Know

VICR Cover Image

What Happened?

Shares of power conversion and control solutions provider Vicor Corporation (NASDAQ:VICR) jumped 18% in the morning session after the company reported third-quarter earnings that blew past analysts' revenue and EPS estimates. Notably, the company plans to start shipping the second generation of its Vertical Power Delivery (VPD). VPDs help to improve the power efficiency of AI processors, highlighting the company's ability to benefit from the growing demand for AI-powered technologies. Zooming out, we think this was a good quarter with some key areas of upside.

Is now the time to buy Vicor? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Vicor’s shares are very volatile and have had 26 moves greater than 5% over the last year. But moves this big are rare even for Vicor and indicate this news significantly impacted the market’s perception of the business.

Vicor is up 19.8% since the beginning of the year, and at $50.33 per share, it is trading close to its 52-week high of $53.21 from October 2023. Investors who bought $1,000 worth of Vicor’s shares 5 years ago would now be looking at an investment worth $1,516.

Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.

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