Navitas Semiconductor (NVTS) Shares Soar 164.40% On Nvidia Partnership

Navitas Semiconductor (NVTS) shares soared 164.40% today, reaching their highest level since March 2024 with an intraday gain of 174.87%.

The strategy of buying NVTS shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 7.56% annualized return and a 37.41% overall return as of the latest data point. However, the volatility is notable, with a maximum drawdown of 26.78% during the period.

Navitas Semiconductor's stock price surged significantly following the announcement of a major partnership with Nvidia. The collaboration involves developing ultra-efficient 800-volt high-voltage direct current (HVDC) power systems for AI data centers. This new technology aims to enhance energy efficiency and scalability, catering to the growing demands of AI workloads. Navitas brings its expertise in gallium nitride (GaN) and silicon carbide (SiC) power semiconductors to the table, which are crucial for the project. The partnership positions Navitas as a key player in the evolving AI infrastructure space, garnering positive investor sentiment and analyst attention.