Vicor

Power conversion is a narrow but demanding niche, and Vicor has spent four decades in it. The company designs and makes modular power components that convert and deliver electricity efficiently at high density, so more power can be packed into less space. Its parts feed data center servers and AI accelerators, aerospace and defense systems, industrial equipment and electric vehicles.

Founded in 1981 by Patrizio Vinciarelli, who still leads it, Vicor keeps its manufacturing in Andover, Massachusetts and holds a wall of patents on its power architectures. The appeal, and the risk, is its exposure to AI computing: as chips draw ever more power, getting current to them cleanly gets harder, which plays to Vicor's strengths. But it is a small supplier fighting for design slots against much larger power-chip companies, so its results can swing hard.

On MyRWA, VICR trades tokenized across 1 on-chain venue - see the listings below.