Navitas Semiconductor NVTS Surges 12.5% on AI Data Center Power Demand
As seen on the 24/7 Wall St. homepage on August 3, 2026.
Navitas is up 12.5% to $11.82 as buyers chase gallium nitride power chips, the piece of the AI data center buildout that keeps racks fed and cool. The move puts it back in the same bid as today's other AI power and networking winners.
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Navitas Semiconductor opened the session at $10.50 and climbed steadily throughout regular trading hours, reaching $11.82 — a gain of roughly 12.5% on the day. The move was driven by renewed buyer interest in gallium nitride power chips, a technology that sits at the heart of how modern AI data centers manage and distribute electricity efficiently across dense server racks.
Gallium nitride, or GaN, offers meaningful efficiency advantages over traditional silicon in power conversion, making it an attractive component as data center operators race to keep pace with the energy demands of AI workloads. That tailwind pulled NVTS into the same winning group as other AI power and networking names during today's session.
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Investors watching the stock will want to see whether the move holds or gives back ground into the close, given that the chart showed some consolidation after an early surge past $11.67. The session high reached $11.87 before settling back near $11.82, suggesting buyers remained present but were selective about chasing the stock much higher.
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Mentioned: NVTS