Vicor Corporation

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Investigation Details

On July 25, 2023, Vicor announced a substantial purchase of its newest generation AI device for a large customer. However, when probed by analysts about the company’s customers and contracts, Vicor officials repeatedly provided ambiguous answers.

On February 22, 2024, the Company released its earnings for Q4 2023. Vicor’s financials missed analysts’ expectations, as the company experienced a sharp decline in revenue, shipments, and gross margins. Analysts questioned these losses in light of the Company’s claims of new contracts and sales.

Following this news, Vicor’s stock price fell by $11.17 per share, or approximately 24% to close at $35.67 per share.