We have recently released an article titled Monstrous Gains: 10 Stocks Leaving Wall Street in the Dust. Notably, Navitas Semiconductor Corp. (NASDAQ:NVTS) stood out as a top performer on Tuesday.
On Tuesday, Navitas reached a new all-time high as investors reacted positively to the official introduction of a new semiconductor that supports Nvidia Corp.’s 800-volt direct current (VDC) system for next-gen artificial intelligence (AI).
Navitas Semiconductor Corp. (NASDAQ:NVTS) has launched its GaNFast and GeneSic technologies, both of which promise unprecedented power density, efficiency, and scalability for the 800 VDC system.
āAs NVIDIA drives change in AI infrastructure, weāre excited to contribute to this shift with our advanced GaN and SiC power solutions that ensure the efficiency, scalability, and reliability essential for next-gen data centers,ā remarked Chris Allexandre, President and CEO of Navitas Semiconductor Corp. (NASDAQ:NVTS).
āAs the industry rapidly shifts toward megawatt-scale AI computing platforms, the demand for efficient, scalable, and reliable power delivery is becoming essential. The transition to 800 VDC is not just evolutionary but transformative,ā he added.
While we recognize the investment potential in NVTS, we believe that certain AI stocks show even more promise for high returns with minimized downside risk. For those seeking an exceptionally affordable AI stock that also benefits from Trump tariffs and onshoring, check out our complimentary report on the best short-term AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.
