Vicor Corp (VICR) Tops Q3 EPS by 4c
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NVIDIA-supplier Vicor Corp (VICR) slammed on backlog and cautious AI tone, prompting downgrade
October 25, 2023 9:20 AM EDTNVIDIA-supplier Vicor Corp (NASDAQ: VICR) plunged 22% early Wednesday following in-line results and guidance, but bookings and backlog that was "underwhelming," according to analysts. Further, the management's tone on the recent AI platform win, which is now thought to be NVIDIA's GH200 "appeared more cautious." The results and comments prompted Needham & Company analyst N. Quinn Bolton to downgrade the stock from Buy to Hold, noting next... More
