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Investing.com — Vicor Corporation (NASDAQ:VICR) shares tumbled 15% Wednesday after the stock was downgraded by CJS Securities to Market Perform from Outperform.
CJS’ price target for the company is also under review with analyst Jonathan Tanwanteng expressing concerns regarding Nvidia (NASDAQ:NVDA).
The analyst said Nvidia, which unveiled its next-generation datacenter AI processor, is Vicor’s largest customer.
However, the analyst said images of the new Hopper H100 processor do not show any Vicor parts. However, Tanwanteng acknowledged this could be due to capacity constraints.
He added that given Nvidia is the company’s largest customer, Vicor products could be at risk.
While it is possible Nvidia may be dual sourcing or Vicor may still be sold out due to strong demand, the analyst believes the uncertainty about whether Vicor has been shut out will be an overhang on its shares in the near term.
