Navitas Semiconductor Corp (NVTS) shares surged 5.05% in Tuesday's trading session, continuing its impressive run following a recent partnership announcement with Nvidia. The stock's latest gains were fueled by a new collaboration with French power electronics company BrightLoop Converters and positive comments from CEO Gene Sheridan at Baird's annual tech conference.

The collaboration with BrightLoop Converters focuses on supporting their latest series of hydrogen fuel-cell chargers specialized for agricultural transportation equipment. This partnership demonstrates Navitas' expanding reach in the power electronics sector and its potential for growth beyond the data center market.

At Baird's tech conference, CEO Gene Sheridan highlighted the broader implications of their recent 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." Sheridan's comments suggest that Navitas is well-positioned to capitalize on the growing demand for advanced power delivery solutions in AI and data center applications.

Navitas' stock has seen remarkable growth since its collaboration with Nvidia was announced on May 22, when it experienced its largest-ever same-day percentage increase of 164%. The company's involvement in Nvidia's 800 V HVDC architecture has sparked investor interest in its silicon carbide and gallium nitride chip technologies. With the stock up 226% since May 21 and 74% year-to-date, Navitas appears to be gaining momentum as it prepares for the release of the 800 V HVDC systems in 2027.