The next candidate from my investment universe that I’d like to briefly introduce is Vicor Corporation $VICR (-15,78%) from the U.S.
As the energy demands of modern AI systems continue to rise, it is becoming increasingly challenging to supply processors with power efficiently and reliably . High power densities in small spaces pose new challenges for power supplies in data centers, robotics, and other high-performance applications.
Vicor develops modular power supply systems, that can deliver the necessary power in a very small space. The company takes a technologically sophisticated approach characterized by high power density and efficient energy conversion. Especially with high-performance AI accelerators, the power supply is increasingly becoming a critical component of the overall system architecture.
For me, Vicor is therefore an exciting company on the DIBS technology path Power & Efficiency within the Physical AI. With a BPS (Bottleneck Potential Score) of 14 , the company ranks among the Core Bottlenecks. Its role as Steady Scout ⛵️ also reflects the fact that Vicor is technologically very interesting, but that the company’s future development remains subject to significant uncertainties.
SPS (Stock Potential Score): 12/15 -> my subjective assessment!
💎 Quality: 4/5 Vicor has a strong technological position and specialized expertise in high-density power supply systems. The company’s quality is high, but due to the fluctuations in business performance to date, it does not, in my view, merit the maximum rating.
🌱 Growth: 4/5 The rising energy demands of AI systems, robotics, and other high-performance applications open up significant long-term growth opportunities. It remains to be seen to what extent Vicor can actually translate this potential into sustainable revenue and earnings growth.
🎯 Strategic Fit: 4/5 In my view, power delivery is one of the key technology pathways within Physical AI. Vicor occupies an interesting position here; however, due to its company size and risk profile, it is classified as a “Steady Scout” in my DIBS system rather than an “Anchor” (i.e., not a highly stable compounder with the greatest market power).
Vicor is a good example of a company that could benefit from a technological bottleneck that is not very visible but is becoming increasingly important: the more powerful modern computer systems become, the more demanding their power supply requirements become.
