Navitas Shares Skyrocket After NVIDIA Partnership Announcement

IRVINE, California – Shares of Navitas Semiconductor Corp (NVTS) jumped 21.9% to $5.37 on Tuesday morning, adding to a remarkable 146% increase over the past week. This surge follows the company’s announcement of a strategic collaboration with NVIDIA Corp aimed at developing an 800V high-voltage direct current (HVDC) architecture.

Navitas, known for its production of gallium nitride (GaN) and silicon carbide power semiconductors, will integrate its GaNFast™ and GeneSiC™ technologies with NVIDIA’s Kyber rack-scale systems. These systems are designed to power advanced AI graphics processing units (GPUs) like the Rubin Ultra.

The new 800V HVDC system promises considerable efficiency gains over the traditional 54V systems. Navitas claims it can boost power efficiency by 5%, reduce maintenance costs by 70%, and minimize cooling requirements, all while eliminating cumbersome low-voltage copper wiring.

“Our wide portfolio range enables us to support NVIDIA’s 800V HVDC infrastructure,” said Gene Sheridan, co-founder and CEO of Navitas. “We are proud to be selected by NVIDIA for this game-changing project.”

Market analysts have responded favorably to the news. Rosenblatt Securities increased their price target for NVTS from $4 to $6, maintaining a Buy rating amid this optimistic market shift.

Navitas shares reached a 52-week high of $5.25 and a low of $1.52, reflecting the volatility often seen in tech stocks. Investors are closely monitoring further developments as the partnership continues to progress.