Is Navitas stock the next Nvidia-backed AI winner?

This Semiconductor Stock Soared 26% Tuesday After Launching Devices for Nvidia's AI Factory Architecture

Navitas Semiconductor (Nasdaq:NVTS) shares jumped 26% on Tuesday to $12.57 (£9.41) per share after it launched new high-performance power semiconductor devices to support Nvidia's (NVDA) newly announced next-gen AI factory architecture. The Navitas stock is up 252% year-to-date. The California-based semiconductor manufacturer unveiled advanced gallium nitride (GaN) and silicon carbide (SiC) power semiconductors, specifically built for Nvidia's 8…

Is Navitas stock the next Nvidia-backed AI winner?

Navitas Semiconductor (NASDAQ: NVTS) is quickly emerging as a standout AI stock this year.  Its shares gained more than 28% on Tuesday, October 14, and they are up an additional 8.51% in pre-market at the time of writing on Wednesday, extending one of the strongest rallies in the sector this quarter.  Indeed, with a pre-opening price of $13.64, the stock has more than doubled since July 1, having surged north of 100%. NVTS stock price. Source: G…