Navitas Semiconductor Corp (NVTS) experienced a significant surge of 7.56% in Wednesday's pre-market trading, continuing its impressive rally following recent partnership announcements and positive industry outlook. The company, which specializes in gallium nitride (GaN) and silicon carbide (SiC) power semiconductors, has been riding a wave of investor enthusiasm since its collaboration with Nvidia was announced last month.

The latest rally builds upon Navitas' recent announcement of a new partnership with BrightLoop Converters, a French power electronics company. This collaboration focuses on supporting BrightLoop's latest series of hydrogen fuel-cell chargers for agricultural transportation equipment, showcasing Navitas' expanding reach in the power electronics sector. Additionally, the ongoing momentum from the Nvidia partnership, which saw Navitas selected to collaborate on Nvidia's 800 V HVDC architecture, continues to drive investor interest. This partnership resulted in a remarkable 164% single-day gain for Navitas on May 22.

Further fueling the stock's rise are comments made by Navitas CEO Gene Sheridan at Baird's annual tech conference. Sheridan hinted at broader opportunities beyond the Nvidia partnership, stating, "Everybody talks about NVIDIA, but data center and AI is not just about NVIDIA. I think all the hyperscalers are going to move to these really high voltages." This outlook has sparked optimism about Navitas' future prospects in the rapidly evolving AI and data center markets. The company's strategic move to file a prospectus for an at-the-market program to sell up to $50 million in common stock has also been viewed positively by investors, seen as a step to extend Navitas' financial runway ahead of the anticipated release of the 800 V HVDC systems in 2027.