By Stephen Nakrosis
Shares of Navitas Semiconductor were trading above 52-week highs in the after-hours market Monday, after the company said it made progress on its high-voltage power architecture for advanced infrastructure such as artificial intelligence factories and data centers.
After the bell, Navitas shares were trading 39.2% higher, at $13.88. Volume in the after-hours session topped 10.8 million shares.
The stock finished the regular session at $9.97, closing with a 21% gain.
Navitas is developing advanced medium and high 800 volts direct current gallium nitride and silicon carbide power semiconductors, which directly power IT racks, eliminating the need for additional converters, the company said. Navitas added its GaNFast and GeneSiC technologies can provide the levels of power density, efficiency and scalability required by AI factories.
This higher efficiency power distribution is intended for advanced infrastructure, such as the Nvidia's next-generation Rubin Ultra platform, the company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 13, 2025 18:12 ET (22:12 GMT)
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