Navitas Semiconductor (NVTS) stock was up more than 15% as of writing (rallied 29% in Tuesday’s pre-market trading) as the company announced its progress in developing advanced gallium nitride (GaN) and silicon carbide (SiC) power devices for chip giant Nvidia’s (NVDA) next-generation artificial intelligence (AI) factory computing platforms.
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Interestingly, NVTS stock jumped 21.1% on Monday as U.S. President Donald Trump softened his stance on new China tariffs. Navitas offers advanced power semiconductors, utilizing GaN and SiC technologies, for use in data center applications, electric vehicles (EVs), and mobile devices.
Navitas Unveils Advanced Solutions for Nvidia’s Next-Gen AI Computing Platforms
Navitas unveiled its new 100-volt GaN FETs, alongside 650V GaN and high-voltage SiC devices, purpose-built for Nvidia’s 800 VDC AI factory architecture. The company highlighted that its latest offering drives “breakthrough” efficiency, power density, and performance.
Notably, Navitas highlighted that its new offering addresses the power challenges associated with “AI factory,” a new class of data center for large-scale, synchronous AI and high-performance computing (HPC) workloads. The company added that its high-performance GaNFast and GeneSiC technologies address the demand of AI factories for unprecedented levels of power density, efficiency, and scalability.
Chris Allexandre, President and CEO of Navitas, stated that the company’s advanced GaN and SiC power solutions are supporting Nvidia in driving transformation in AI infrastructure.
Is Navitas a Good Stock to Buy?
Currently, Wall Street has a Moderate Buy consensus rating on Navitas Semiconductor stock based on three Buys, two Holds, and one Sell recommendation. The average NVTS stock price target of $7.10 indicates a downside risk of about 29% from current levels. As of Monday’s closing, NVTS stock was up by an impressive 179%.
