Vicor initiated with a Buy at Roth Capital

Roth Capital initiated coverage of Vicor (VICR) with a Buy rating and $115 price target The company is a uniquely positioned power-architecture leader whose solutions address the steep increases in power density, current delivery, and efficiency required by next-generation AI compute platforms, the analyst tells investors in a research note. With next-generation products rolling out, a vertically integrated ChiP fab, and a defensible IP portfolio, the firm expects accelerating growth, expanding margins, and increasing high-margin royalty income.