Navitas Semiconductor (NASDAQ: NVTS) stock surged over 21% on Monday following positive news on US-China relations and progress with a major chip client, Nvidia. President Trump’s optimistic comments on trade with China boosted investor confidence. Navitas specializes in advanced semiconductor materials for AI-ready systems, aligning with Nvidia’s growth in AI infrastructure.

Trump reassured on Truth Social that US-China trade tensions will ease, emphasizing mutual benefits for both countries. Navitas, like other chip companies, maintains a complex relationship with China, a key market in its global strategy. The company’s progress in developing power devices for Nvidia’s AI systems signals growth potential in the semiconductor sector.

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Read more at Nasdaq: Why Navitas Semiconductor Stock Mashed the Market on Monday