2 Stocks to Outshine Navitas Semiconductor in 2 Years: ChargePoint and Luminar

Navitas Semiconductor's stock surged 323% but retreated 35% to $6. The company is still a promising growth stock, with analysts expecting a 17% CAGR in revenue from 2024 to 2027. However, its high valuation may limit its upside potential. Two less valuable tech stocks, ChargePoint and Luminar, might grow faster and eclipse Navitas' market cap over the next two years.

Navitas Semiconductor (NVTS) has experienced a significant surge in its stock price, reaching a 52-week high of $9.17 on June 11, 2025. This marked a whopping 323% gain over its previous month, driven primarily by Nvidia's decision to adopt Navitas' gallium nitride (GaN) and silicon carbide (SiC) chips for processing AI workloads in next-gen data centers. However, the stock subsequently retreated by about 35% to around $6. Despite this volatility, Navitas Semiconductor remains a promising growth stock, with analysts forecasting a compound annual growth rate (CAGR) of 17% in revenue from 2024 to 2027 [2].

Navitas Semiconductor is a producer of GaN and SiC chips, which are known for their ability to resist higher voltages, operate at higher temperatures, and switch at higher speeds compared to traditional silicon chips. The company's innovations in these technologies position it as a key player in next-generation power electronics, with applications in electric vehicles (EVs), AI data centers, and renewable energy. Navitas' recent launch of the industry's first production-ready bidirectional GaN integrated circuit (IC) has further solidified its position in the market [1].

However, Navitas Semiconductor faces several challenges. The company's high valuation, currently trading at 19 times this year's sales, may limit its upside potential. Additionally, its market cap of $1.2 billion is relatively high compared to other tech stocks, such as ChargePoint and Luminar. While analysts expect Navitas' revenue to grow at a CAGR of 17% from 2024 to 2027, its high valuation could cap its market cap growth over the next two years [2].

Two less valuable tech stocks, ChargePoint and Luminar, might grow faster and eclipse Navitas' market cap over the next two years. ChargePoint manages over 352,000 EV charging ports across the U.S. and Europe and provides residential charging systems. Its revenue declined 18% in fiscal 2025 due to rising interest rates and a chilly EV market, but analysts expect it to grow at a CAGR of 19% from fiscal 2025 to fiscal 2028. Luminar, which specializes in LiDAR technology for autonomous vehicles, also offers promising growth prospects [2].

In conclusion, Navitas Semiconductor is a promising growth stock with a strong innovation pipeline. However, its high valuation and market cap may limit its upside potential. Investors should carefully consider the company's risks and opportunities before making investment decisions.

References:
[1] https://www.nasdaq.com/articles/after-246-rally-navitas-semiconductor-buy-or-hold-2025
[2] https://www.fool.com/investing/2025/07/15/prediction-2-stocks-thatll-be-worth-more-than-navi/