Semiconductor firm Navitas soars on Nvidia power tech collaboration

  • Shares of Navitas Semiconductor Corp (NASDAQ:NVTS.O) surged nearly 160% on Thursday after the company announced a collaboration with Nvidia to supply advanced power solutions for next-generation data centers. The partnership, revealed after market close on Wednesday, will see Navitas' gallium nitride (GaN) and silicon carbide (SiC) technologies integrated into Nvidia's 800V high-voltage direct current (HVDC) architecture starting in 2027.