Navitas (NVTS) Soars to Fresh High on Nvidia Partnership, Support for Next-Gen AI

We recently published Monstrous Gains: 10 Stocks Leaving Wall Street in the Dust. Navitas Semiconductor Corp. (NASDAQ:NVTS) is one of the best performers on Tuesday.

Navitas climbed to a fresh record high on Tuesday, as investors cheered the official launch of a new semiconductor capable of supporting Nvidia Corp.’s 800-volt direct current (VDC) system for the next-generation artificial intelligence (AI).

In a statement, Navitas Semiconductor Corp. (NASDAQ:NVTS) unveiled its GaNFast and GeneSic technologies, both capable of providing unprecedented levels of power density, efficiency, and scalability for the 800 VDC system.

“As NVIDIA drives transformation in AI infrastructure, we’re proud to support this shift with advanced GaN and SiC power solutions that enable the efficiency, scalability, and reliability required by next-generation data centers,” Navitas Semiconductor Corp. (NASDAQ:NVTS) President and CEO Chris Allexandre said.

“[With] the industry [moving] rapidly toward megawatt-scale AI computing platforms, the need for more efficient, scalable, and reliable power delivery becomes absolutely critical. The transition … to 800 VDC is not just evolutionary, it’s transformational,” he added.

While we acknowledge the potential of NVTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.