Navitas Semiconductor Shares Surge on Nvidia Collaboration

MT Newswires Live
22 May

Navitas Semiconductor (NVTS) shares more than doubled in after-hours trading Wednesday after the company said its technology was chosen by Nvidia (NVDA) for its 800 V HVDC architecture to support Kyber rack-scale systems powering its graphics processing units.

GaNFast and GeneSiC power technologies were selected to support Nvidia's GPUs such as Rubin Ultra, Navitas Semiconductor said Wednesday in a statement.

Nvidia shares fell 0.3% in after-hours trading.

Price: 5.23, Change: +3.32, Percent Change: +173.83

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10