Why Navitas Semiconductor Is Skyrocketing Today (Hint: Nvidia Has a New Partner)

Navitas announced it has been chosen by Nvidia to help power its next-generation data center systems. The company's advanced gallium nitride (GaN) and silicon carbide (SiC) technologies help with efficient power supply and solve key scaling issues. The semiconductor company announced a new partnership with artificial intelligence (AI) chip giant Nvidia after the market closed yesterday.