Shares in Navitas Semiconductor (NASDAQ: NVTS) surged 15.6% last week, signaling confidence in the company’s long-term growth strategy. CEO Chris Allexandre highlighted the shift towards more profitable, sustainable high-power markets. The partnership with Nvidia for new GaN and SiC chips for 800V HVDC data centers in 2027 is a crucial move.

Despite revenue decline from exiting less profitable markets, Navitas is eyeing higher-power segments. A deal with WT Microelectronics in Asia consolidates distribution efforts, sparking market excitement. Analysts predict no profits for Navitas in the near future, but the company’s strategic realignment could be promising in the long run.

Investors contemplating Navitas Semiconductor should note it didn’t make the Motley Fool’s top 10 stocks list for potential high returns. The top-performing stocks recommended by the team historically outperformed the S&P 500 significantly, highlighting the potential for lucrative investments. Stay informed and join the investing community for more insights.

Read more at Yahoo Finance: Here’s Why Nvidia Partner, Navitas Semiconductor powered higher This Week