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Navitas Semiconductor Stock Surges on AI Chip Development Progress

Navitas Semiconductor Stock Surges on AI Chip Development Progress

Author:

Global Cryptocurrency

Published:

2025-10-14 20:52:01

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BTCCSquare news:

Navitas Semiconductor shares soared 27.7% Tuesday afternoon as the company reported significant advancements in gallium nitride (GaN) and silicon carbide (SiC) chip designs for AI infrastructure. The rally occurred against a mixed market backdrop, with the Nasdaq gaining marginally while the S&P 500 dipped slightly.

CEO Chris Allexandre highlighted the strategic importance of Navitas' power solutions for next-generation data centers, particularly in supporting Nvidia's AI infrastructure transformation. The company's technology promises to address critical power efficiency challenges in AI data centers, though competitive pressures remain from other semiconductor developers working with Nvidia.

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