Navitas Semiconductor stock surged 28.4% in June due to partnership with Nvidia

Navitas Semiconductor’s stock soared 28.4% in June due to its partnership with Nvidia. The company’s GaN and SiC power devices will play a crucial role in the next generation of data centers set to launch in 2027. Investment in data centers and end demand from AI applications remain strong, supporting Navitas’ growth.

Investors are optimistic about Navitas Semiconductor’s future as it anticipates an aggressive sales ramp-up in 2026 before the launch of the new data centers in 2027. The ongoing momentum in sales development and Nvidia’s progress in data center architecture will be key drivers of the stock price moving forward.

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Read more at Nasdaq: Here’s Why Navitas Semiconductor Shares Soared in June (Hint: It’s Nvidia Related)