Navitas Semiconductor (NVTS) experienced a surge of over 19% in share price on October 12, 2026, following its collaboration announcement with NVIDIA (NVDA) at Computex 2026 in Taipei. This increase contributed to a remarkable year-to-date gain of more than 330% for Navitas shares. The partnership focuses on power technologies necessary for next-generation AI data centers, highlighted by NVIDIA’s presentation of Navitas’ 800V-to-6V DC-DC power delivery board achieving a peak efficiency of 97.5%.
The rapid growth in AI infrastructure spending is evident, with revenues in this sector increasing by 50% sequentially in Q1 2026. Navitas estimates that the AI data center market could be worth between $1.4 billion and $2.5 billion by 2030, while GaN and SiC technology adoption in AI data centers is projected to grow at a compound annual growth rate of 66% to 87% through 2030. Despite this promising outlook, the consensus analyst price target stands at $13.71, indicating potential downside from current levels.
However, competition in the sector is intensifying, with companies like Onsemi and STMicroelectronics expanding their own GaN and silicon carbide portfolios. As investment interest grows, questions remain about whether Navitas’ recent stock performance may have outpaced its current business fundamentals.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
