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MarketBeat
Leo Miller

Navitas Soars 78% on NVIDIA Update: Is This Rally Sustainable?

Navitas Nvidia NVTS MarketBeat

Navitas Semiconductor (NASDAQ: NVTS) has been one of the hottest stocks in the market thanks to its newly established relationship with NVIDIA (NASDAQ: NVDA).

Navitas’s “NVIDIA bump” has been absolutely staggering, with shares up almost 750% in the past six months. Back in May, NVIDIA included Navitas on a list of suppliers that it would use to reshape power utilization in data centers, causing shares to spike 164% in one day.

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