Vicor Corporation (VICR) stock climbed 21.4% on Tuesday. The company raised its full-year 2026 revenue forecast to over $600 million. Management attributes the revised guidance to increased demand for AI-related power-delivery solutions.
Vicor expects nearly 10% sequential revenue growth in the third quarter. The company is proceeding with plans for a second manufacturing facility. This expansion will double production capacity to meet long-term AI computing demand.
Rice Hall James & Associates LLC disclosed a new stake in the company. The firm purchased 21,893 shares. This investment is valued at approximately $8.3 million.