Navitas Semiconductor Corp. (NVTS) surged to an all-time high after unveiling new technologies to support Nvidia Corp.’s 800-volt direct current (VDC) system for next-gen AI. The stock hit $15.43 before closing up 20.60% at $15.16. President and CEO Chris Allexandre highlighted the importance of efficient and reliable power solutions for AI computing platforms.

The company’s GaNFast and GeneSic technologies promise high power density and efficiency for the 800-volt VDC system. Navitas Semiconductor Corp. (NVTS) aims to support the evolving AI infrastructure with its advanced power solutions. The transition to 800 VDC is seen as transformational in the industry, driving the need for more efficient power delivery.

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Read more at Yahoo Finance: Navitas (NVTS) Jumps to All-Time High on Launch of Chip to Support Next-Gen AI