Why Navitas Semiconductor Is Skyrocketing Today (Hint: Nvidia Has a New Partner)
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Shares of Navitas Semiconductor surged 156% following the announcement of a partnership with Nvidia to power its next-generation AI data center systems. This collaboration, which involves Navitas' gallium nitride and silicon carbide technologies, aims to address scaling issues for Nvidia's upcoming Rubin chips. The deal not only promises significant revenue but also validates Navitas' technology in the semiconductor industry. CEO Gene Sheridan emphasized the importance of this partnership for expanding into markets like AI data centers and electric vehicles.
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