
Navitas Semiconductor (Nasdaq:NVTS) shares jumped 26% on Tuesday to $12.57 (£9.41) per share after it launched new high-performance power semiconductor devices to support Nvidia's (NVDA) newly announced next-gen AI factory architecture. The Navitas stock is up 252% year-to-date.
The California-based semiconductor manufacturer unveiled advanced gallium nitride (GaN) and silicon carbide (SiC) power semiconductors, specifically built for Nvidia's 800 VDC AI factory power architecture. The 800 VDC power distribution system offers better efficiency and is designed to deliver megawatt-scale rack power for AI data centres.