Jun. 8 at 4:06 PM
My top 5 800V Power Semi plays right now - asymmetric setups and massive optionality:
$WOLF Wolfspeed
$2.7B - Controls the SiC substrate bottleneck. If fab hits target utilization,
$713M today could 3-5x. Margins flip to 40%+. Market skeptical, potential
$10B+ company.
$NVTS Navitas
$6B - AI DC power conversion exposure. 2-3% TAM capture =
$500M+ rev, 40%+ margins. GaN + GeneSiC tech = growth lever. 3-year view = 10x revenue.
$AEHR Aehr
$1.5B - Pure SiC burn-in play. FOX-XP standard tool.
$100M rev now, market scaling 5-10x in 5 years = massive upside.
$VICR Vicor
$5B - Factorized power modules solving GPU voltage/heat problem. Content/server
$500-1,000+, rev
$400M today. Bull case =
$2B+ rev, 50%+ margins,
$25B+ market cap.
$AOSL Alpha & Omega
$1.5B - Overlooked deep value.
$650M rev, ~2.3x sales. AI power demand broadens? Stock could double easily.
This is the AI power mega-theme. Risk is asymmetric, upside is enormous.
