Vishay Intertechnology, Inc (NYSE:VSH) stock gained after analyst Ming-Chi Kuo commented on the stock on social media.
While the tech industry focuses on NVIDIA Corp's (NASDAQ:NVDA) AI server and RTX 50 series supply chain, Kuo's research reveals Vishay as the hidden key winner.
According to the analyst, Vishay has secured better-than-expected orders for Nvidia's Blackwell AI servers (GB200 series and DGX/HGX B200) and RTX 50 series graphics cards.
The component orders include MOSFET/DrMOS (VRPower), vPolyTan (Polymer Tantalum, such as T55) and Current Shunt Resistors. Kuo said MOSFET and vPolyTan deserve special attention.
He noted that for GB200 NVL72/36's 8kW 54V-to-12V power supply, Nvidia switched to a Renesas (controller) and Vishay (MOSFET) combination, replacing power management modules from Flextronics and Delta.
Notably, Vishay replaced Infineon as the current MOSFET supplier. For DGX/HGX's 2kW 54V-to-12V power supply, Nvidia now uses ADI (controller) and Vishay (MOSFET), Kuo flagged.
The GB200 NVLink Switch's 2kW 54V-to-12V power supply also uses the Renesas (controller) and Vishay (MOSFET) combination.
The analyst noted that Vishay became the new DrMOS supplier for Nvidia's upcoming RTX 50 series graphics cards. Mass production will start in the first quarter of 2025.
Vishay's current MOSFET production capacity in 2025 is fully loaded, and it will likely contribute 20%–30% of revenue, with a higher-than-average gross profit margin, as per the analyst.
GB200 heavily utilizes Vishay's vPolyTan (polymer tantalum capacitors, primarily T55). Vishay's vPolyTan is already facing a supply crunch for 2025 and will likely contribute a high single-digit percentage of revenue with significantly above-average gross margins.
Vishay has the potential to capitalize on robust demand for Nvidia's AI servers and the new RTX 50 series. He noted the company is also well-positioned to benefit from the automotive sector's rebound and the IoT market.
Price Actions: VSH stock is up 7.12% at $18.35 at last check Tuesday. NVDA is up 0.51% at $136.75.
