Why This Nvidia Partner's Stock Soared This Week
Shares in gallium nitride (GaN) and silicon carbide (SiC) semiconductor company Navitas Semiconductor (NASDAQ: NVTS) rose by more than 18% in the week to Friday morning. The move follows another week of positive news flow for a stock that's now up 69% in 2025, after being down by more than 50% in the year to mid-April.
There are no prizes for guessing that the surge for Navitas (a company with just $83.3 million in revenue in 2024) comes from the announcement of a significant collaboration with a technology giant; in this case, Nvidia.
In a late-May announcement, Navitas stated that Nvidia had selected it to collaborate on developing chips to support Nvidia's 800-volt high-voltage direct current (HVDC) data center infrastructure.
Source Fool.com
