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Navitas Semiconductor's stock rose by 28.4% in June, driven by its partnership with Nvidia, which is pivotal for developing next-generation data centers set to launch in 2027. The company's gallium nitride (GaN) and silicon carbide (SiC) chips are essential for the upcoming 800-volt HVDC architecture crucial for powering AI applications. Despite economic uncertainties, demand for data centers remains strong, suggesting a promising future for Navitas as it anticipates increased sales leading up to the new data center technologies.
Source: YAHOO