NVTS is trading 13.5% up at $27.68, extending a powerful multi-day rally as investors cheer a new partnership and the company's strengthening position in the AI power semiconductor market.
- New India Partnership: Today, it was announced that Cyient Semiconductors will license Navitas's GaN technology to produce power devices in India, targeting the AI data center, telecom, and e-mobility markets. [9]
- AI Catalyst: The rally is primarily driven by enthusiasm for the company's "Navitas 2.0" strategy, which pivots toward high-power solutions for AI data centers and has been highlighted in recent analyst upgrades. [2, 5]
- Sustained Momentum: The stock has seen robust buying interest this week, with significant gains on May 20 and May 21, fueled by positive coverage of its role in next-generation AI infrastructure. [7, 14]