Why Vicor Shares Are Higher Today
Portfolio Pulse from Lekha Gupta
Vicor Corp shares are trading higher by over 5% after Needham & Co. analyst N. Quinn Bolton raised the price target to $65.00 from $55.00 with a Buy rating. Bolton is bullish on Vicor's near-term performance and long-term prospects, expecting the company to benefit from higher demand for AI processors/XPUs and NVIDIA's A100/A800 GPU demand.
June 26, 2023 | 5:23 pm
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POSITIVE IMPACT
Vicor Corp shares rise after Needham & Co. analyst raises price target to $65, citing bullish outlook on near-term performance and long-term prospects.
The price target increase by Needham & Co. analyst N. Quinn Bolton is a positive signal for Vicor Corp's stock. The bullish outlook on the company's near-term performance and long-term prospects, as well as the expected benefits from higher demand for AI processors/XPUs and NVIDIA's A100/A800 GPU demand, are likely to drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVIDIA Corporation's recent upside in A100/A800 GPU demand is expected to drive growth for Vicor Corp in the near term.
The article mentions that the recent upside in NVIDIA Corporation's A100/A800 GPU demand should drive growth for Vicor Corp in the near term. While this is a positive factor for Vicor, it does not directly impact NVIDIA's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50