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Navitas Semiconductor Stock Surge
Navitas Semiconductor (NASDAQ: NVTS) saw a significant stock increase of over 21% on Monday, following President Trump’s positive comments regarding U.S.-China relations and the company’s announcement of progress in developing power devices for Nvidia.
Trade Relations Context
President Trump remarked on his social media platform, stating, “Don’t worry about China, it will all be fine,” suggesting a potential easing of trade tensions, which is vital for companies like Navitas that maintain operational ties in China.
Collaboration with Nvidia
Navitas is advancing in the production of power devices utilizing gallium nitride and silicon carbide, aimed at supporting Nvidia’s artificial intelligence systems, as stated by CEO Chris Allexandre.
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