Navitas Semiconductor Stock Surges 78% on Nvidia AI Partnership
Navitas Semiconductor (NVTS) shares skyrocketed 78.1% this week following its announcement as a key chip supplier for Nvidia's next-gen AI data center platform. The gallium nitride and silicon carbide power semiconductor deal positions Navitas at the forefront of AI infrastructure development.
Despite guiding for a sequential revenue decline to $10 million in Q3, the company's market capitalization now stands at $3.1 billion—trading at 64 times forward sales. Nvidia's continued dominance in AI-accelerating GPUs makes this partnership particularly significant for Navitas' future growth trajectory.
Year-to-date, Navitas stock has delivered staggering 311% returns. The rally reflects growing investor confidence in semiconductor plays tied to artificial intelligence infrastructure, even as near-term financials show volatility.
