Stock Data
$0.33 (2.43%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SEMICONDUCTORS
Navitas Semiconductor Corp specializes in creating advanced power integrated circuits using gallium nitride and silicon carbide. Their technology is pivotal for power conversion and charging across a wide range of sectors including mobile, consumer electronics, data centers, solar energy, electric vehicles, and more. With a global presence, including operations in the United States, Europe, China, and other parts of Asia, Navitas continues to innovate in the semiconductor industry since its inception in 2013, headquartered in Torrance, California.
Earnings split the session at the close: Airbnb's raised revenue outlook lifted it 15.1% while Trade Desk lost nearly a quarter of its value. Travel, optics and AI names carried the session; ad tech and crypto miners absorbed the damage.
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.
Lucid rocketed 20.5% at the close on fresh capital momentum, while semiconductor stocks stumbled with SanDisk and Navitas both down over 11%.
Navitas beat both earnings and revenue for the seventh straight quarter as its AI infrastructure pivot accelerates, with high-power markets growing over 50% year-over-year and management guiding Q3 revenue 28% higher sequentially. Cash more than doubled to $557 million, funding an aggressive shift away from mobile toward 800V data center architectures where the company sees record bookings.
Navitas Semiconductor reports Q2 results after the bell today as power-chip demand from AI data centers and EV makers stays white-hot.
751 companies report this week with AstraZeneca and Baker Hughes leading Monday's open, flipping the calendar to Q2 results.
Lucid jumped 8.4% to lead gainers while semiconductor names crashed, with SanDisk tanking 13.4% and Navitas sliding 12% at Thursday's close.
Navitas Semiconductor shares tumbled as GaN power semiconductor demand softens, testing the sector's recent momentum.
Rivian and Netflix surge on the close while semiconductor and optical networking stocks crater, with Applied Optoelectronics down 17.35% leading the wreckage.
GaN power chip specialist slides sharply as semiconductor stocks face renewed selling pressure in regular trading.
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