The Secret AI Stock Behind Trump’s “New Dollar”

Donald Trump is supposedly replacing the US dollar. Not with Bitcoin, a government cryptocurrency, or a new piece of paper money, but with something one investment analyst calls the Silicon dollar. According to Porter Stansberry, Trump is quietly building a new global monetary system around artificial intelligence, critical minerals, semiconductors, and energy. Of course, Porter wants you to pay $199 to learn the stock he believes will benefit from this. But, I went through the entire presentation, followed every clue, and believe I identified the stocks he is teasing. So, today I'll reveal them for free, and more importantly, tell you whether this Silicon dollar is a legitimate investment opportunity, or just another clever marketing story. Now, let's look at Porter's presentation, which was an hour long. It was a video, so I'll give you my notes. There have actually been a lot of these presentations claiming that we're going to move away from the dollar. Last week, I covered one from Dylan Jovine, who claims we're moving from the petrodollar to a quantum-backed dollar. I also have another presentation queued up for later that makes a similar argument about the death of the petrodollar. In this presentation, Porter argues that the loss of confidence in the US dollar is forcing America to make changes. On top of that, countries are buying more gold, China has reduced its Treasury holdings, and governments are trying to become less dependent on the United States. Porter argues that the solution is a currency backed by AI instead of oil, and he claims that if you don't invest in the right companies, you're going to go broke. He compares it to when we moved away from the gold standard and toward the petrodollar system in the 1970s. Those who invested in stocks, assets, and real estate became rich. Those who held cash ended up losing more than 80% of their purchasing power. This is why a house that cost $20,000 in 1974 could be worth $1 million today, and why $20 could buy a full week of groceries back then, but will barely buy you lunch now. However, he is not arguing that the dollar will be backed by AI software companies like OpenAI. Instead, he believes it will be backed by the physical infrastructure required to make AI work. That means the companies that power AI and the businesses positioned at the center of its biggest bottlenecks. The company he believes could be the most important makes specialized power delivery systems used inside AI server racks. Its equipment converts electricity into the high current, low voltage power required by advanced Nvidia GPUs. Here are the rest of the clues Porter left us. Proprietary patented power architecture, commercially proven technology at high power densities, patent disputes involving large electronics companies, royalty revenue from settlements, more than $300 million in backlog, backlog growth of approximately 70% in one quarter, revenue expected to grow by more than 34%, manufacturing operations in Massachusetts, and benefits from 100% tariffs on competing Chinese power modules. I'm going to reveal the stock in about 10 seconds, but before I do, I want to remind you to click the link in the description to get my free guide on the top 10 stocks to buy and hold after you're done watching. These are stocks that offer both growth and safety, and ones I believe all investors should own. The stock being pitched here is Vicor Corporation, ticker VICR. But identifying the stock was the easy part, because Vicor has already surged, and now we need to determine whether Porter found the next major AI winner, or is recommending it after the opportunity has already passed. First, what does it do? Vicor is a power electronics company that designs technology used to convert and deliver electricity inside servers, data centers, vehicles, industrial equipment, and defense systems. The easiest way to understand Vicor is to think of it as an electrical gearbox. Electricity may enter a data center rack at a high voltage, but GPUs and other processors require extremely low voltage delivered at enormous current. Vicor's modules convert that electricity and deliver it to the processor. Vicor has two main product categories. Its newer advanced products are used in AI servers, high performance computing, aerospace defense industrial equipment, and automotive systems. Its older brick products are more established power modules used in defense, rail, industrial, and test equipment. Advanced products, including royalties, represented approximately 61% of Vicor's 2025 revenue, while brick products accounted for the remaining 39%. The bull case starts with Vicor technology. AI chips are becoming more powerful, but delivering enough electricity to those processors is becoming a serious engineering problem. Vicor specializes in solving that exact bottleneck, and customers appear to be responding. Vicor's backlog reached $380 million, up 145% from a year earlier, while product revenue and royalty revenue are both growing rapidly. That growth is also profitable. Gross margin reached 58%. Operating margin was around 24%, and the royalty business gives Vicor a way to earn money without manufacturing every product itself. Finally, Vicor has roughly $454 million in cash and very few liabilities. So, it has the financial strength to expand production as AI demand grows. Put it all together, and Vicor could become one of the most important power delivery companies in the AI industry. The biggest risk is the price. Vicor trades at roughly 67 times earnings and more than 20 times trailing revenue. So, the stock already assumes years of strong AI growth. Porter makes Vicor sound irreplaceable, but several much larger companies are developing competing power delivery technologies. Vicor still needs to prove that its solution will become widely adopted across the AI industry. A growing portion of Vicor's revenue comes from patent settlements and licensing agreements. That money carries excellent margins, but it can be inconsistent and difficult to predict from quarter to quarter. Finally, Vicor must expand production and convert its enormous backlog into actual revenue. At this valuation, manufacturing delays, customer losses, or slower AI spending could cause the stock to fall sharply. Put it all together, and Vicor may be a great company, but the current stock price leaves very little room for anything to go wrong. So, what do I think about everything? First off, Porter is probably right that the dollar will face more competition, but calling this the replacement of the petrodollar is an enormous exaggeration. Oil may increasingly be traded in other currencies, but there is currently no currency with the liquidity, trust, and financial infrastructure required to replace the dollar. The dollar's real advantage is not simply that oil is priced in dollars. It is supported by America's enormous Treasury market, deep financial markets, liquid banking system, military alliances, and the lack of a superior alternative. China restricts the movement of capital, Europe lacks one unified Treasury market, and gold cannot conveniently handle everyday global trade. In a way though, Porter may be right about the dollar being backed by AI. Even Dylan Jovine argued last week that it could eventually be backed by quantum computing and increased security it may provide. However you want to put it, the dollar is backed by America one way or another. Whether that means trading oil in dollars, using the military to secure AI supply chains, or protecting the financial system from future hacking threats. As far as Vicor goes, it is a company I like a lot. The last time I covered this stock, I gave it a buy rating, but that turned out to be a really bad time to recommend it because the stock lost a lot of value. That was not because the company reported weak earnings or gave bad projections for the future. Basically, all richly valued AI infrastructure stocks were hit by a major investor sell-off. Investors are starting to get a little impatient with the actual results of the AI revolution. They see these large companies spending hundreds of billions of dollars on data centers and other infrastructure, but there is still not enough actual profit coming from any of it. Many companies are also starting to regret ditching human workers for AI as the costs and poor performance become apparent. I think most people do not really like AI outside of personal use. When you have to deal with an AI chatbot or speak to an AI representative, it never feels as good as talking to a human. I know this firsthand because of how many times I have had to contact YouTube over the last couple of weeks. Dealing with its AI is absolutely maddening. That does not mean the AI revolution will not eventually become what was promised. I am sure dealing with the early internet was an absolute headache as well. Another reason stocks like Vicor are down is because of Chinese breakthroughs in chips that could make the cost of AI much lower than previously expected. If you are someone who really believes in the AI build-out and thinks the Chinese threat is exaggerated, I think this could be an an dip buying opportunity for Vicor. This is not a company that is pre-revenue or will not become commercial for another decade. Its products solve a problem facing AI right now. But I also would not blame anyone who does not want to gamble on AI stocks at the moment. If you have overdosed on AI, stocks and sectors such as software, insurance, and health care are doing well right now. A safer dividend stock I like right now is CareTrust. It owns skilled nursing and senior housing properties that generate steady rental income, and it pays a nice dividend. But maybe you are still high on AI and think Vicor has another run left. Let me know in the comments if you are still buying AI stocks. And don't forget to grab my free report of the top 10 stocks to buy and hold forever by clicking the link in the description below.