Navitas Semiconductor Corp (NVTS) stock jumped 5.19% in pre-market trading on Monday, building on its impressive year-to-date gains. The surge comes as investors react positively to news of the company's collaboration with Nvidia on next-generation data center architecture.
Nvidia, the leading AI computing platform provider, is developing a new 800-volt (V) high-voltage direct current (HVDC) data center design set to launch in 2027. Navitas Semiconductor, a specialist in gallium nitride (GaN) and silicon carbide (SiC) semiconductors, is playing a crucial role in this initiative. The company offers power conversion solutions covering the entire power process in these new data centers, from initial conversion at the perimeter to the conversion from 800V DC to lower voltage at the IT rack.
The partnership with Nvidia has already significantly boosted Navitas' stock, which has risen over 100% year-to-date. While Navitas faces competition from larger players like Infineon and STMicroelectronics, its position as a pure-play GaN and SiC company makes it particularly attractive to investors looking for exposure to this emerging technology. The potential for substantial revenue growth from the 800V HVDC data center market is driving investor enthusiasm, as evidenced by today's pre-market surge.
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