Reported 2 days ago
Navitas Semiconductor's stock experienced a significant surge of 78.1% after the company announced a partnership with Nvidia to supply gallium nitride (GaN) and silicon carbide (SiC) semiconductors for Nvidia's next-gen data centers. This announcement contributed to a year-to-date increase of approximately 311% in Navitas' stock price. Despite a projected decline in sales for the third quarter, investors remain optimistic about Navitas' growth potential, driven by new partnerships and industry developments.
Source: YAHOO