Navitas Semiconductor’s stock (NASDAQ: NVTS) has seen significant fluctuations, hitting a record low of $1.52 in April from a high of $20.16 in November 2021. The recent rally to $9 was driven by a new data center deal with Nvidia. Navitas develops GaN and SiC power chips for EVs, data centers, and more, with a bright future in a growing market.

Navitas’ revenue surged in 2022 and 2023 but faced a slowdown in 2024 due to cyclical headwinds. In the first 9 months of 2025, revenue dropped, net losses widened, and analysts expect a decline in revenue for the full year and 2026. The company anticipates mass production of power chips for Nvidia’s data centers in 2027.

Despite leadership changes and market potential, Navitas’ stock is richly valued at 59 times next year’s sales. Analysts project revenue to rise in 2027, but the current high valuation and market conditions make it a challenging stock to recommend. Investors may consider waiting for a lower valuation before buying.

Read more at Nasdaq: Is Navitas Semiconductor Stock a Buy?