Vicor's stock plummeted 6.04% during intraday trading on Monday, marking a significant pullback from recent highs.
The decline comes as correction pressure intensified after the stock had breached analyst target prices following multiple bullish catalysts. Vicor had recently surged on better-than-expected Q1 earnings results, a target price upgrade from Needham, and bullish commentary from a prominent fund manager regarding AI data center demand prospects.
This represents the second significant pullback within the same week, indicating ongoing profit-taking pressure as the stock consolidates after its recent sharp gains.
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