Shares of Navitas Semiconductor Corp. skyrocketed more than 18% in early trading Tuesday, surging to $15.66 as investors piled into the gallium nitride and silicon carbide power chip specialist amid growing optimism over its role supplying high-efficiency solutions for artificial intelligence data centers and next-generation energy infrastructure.
At 9:42 a.m. EDT, Navitas Semiconductor (NASDAQ: NVTS) stock had climbed $2.46, or 18.79%, from Monday's close. The sharp move came on elevated volume and reflected continued enthusiasm for the company's strategic pivot toward high-power markets, even as its first-quarter 2026 earnings report remains two weeks away on May 5.
