Stock Track | Navitas Semiconductor Soars 29.23% Intraday on NVIDIA MGX Ecosystem Partnership for AI Power Infrastructure

Stock Track

06/03

Navitas Semiconductor Corp's stock soared 29.23% during intraday trading on Wednesday, following the company's announcement of a strategic collaboration with the NVIDIA MGX ecosystem.

The partnership is focused on accelerating the development of 800 VDC power infrastructure for next-generation artificial intelligence data centers. Navitas showcased an 800 V-to-6 V DC-DC power delivery board at the COMPUTEX 2026 exhibition, a product designed to eliminate the traditional 48 V intermediate bus converter stage in AI server racks.

This collaboration positions Navitas' gallium nitride (GaN) and silicon carbide (SiC) power semiconductor technologies as key enablers for megawatt-scale AI infrastructure, addressing the critical power delivery challenges posed by rapidly scaling AI workloads and high-power GPU racks.

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