MXL vs. VICR: Which Has the Better AI Infrastructure Opportunity?

MaxLinear (MXL) and Vicor (VICR) both benefit from AI infrastructure spending but address different data center bottlenecks. MaxLinear focuses on connectivity through optical and electrical interconnects with already meaningful AI revenues and multiple product ramps planned through 2027-2028. Vicor targets power delivery for AI processors with a stronger balance sheet but earlier-stage technology development. Analysis concludes MXL has the near-term edge despite higher valuation and customer concentration risks.