On May 11, Navitas Semiconductor rose 10.82% in regular trading, trading at $21.305/share with trading volume of $226 million, extending gains from earlier in the week.
On the news front, Navitas Semiconductor is undergoing a strategic transformation from consumer-grade charging products toward AI data center and power grid infrastructure markets — high-growth, high-power segments seen as key to the company's long-term trajectory. The company's collaboration with NVIDIA and its clear technology roadmap have bolstered investor confidence in its positioning within AI infrastructure and electrification.
From a financial perspective, Navitas reported quarterly revenue of $8.6 million, down 38.57% year-over-year but up 18% sequentially, with a GAAP operating loss of $27.8 million and gross margin of 9.3%. Despite near-term financial headwinds, execution risks, and competition from industry giants, the market is pricing in the company's pivot toward higher-value end markets. Within the broader Semiconductors sector, positive momentum is visible with Qualcomm up 9.91%, Micron Technology up 4.71%, and NVIDIA up 1.45%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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