Here's Why Shares in Navitas Powered Higher Again This Week

Shares in Navitas Semiconductor (NASDAQ: NVTS) rose by almost 29% in the week to Thursday afternoon. The move comes as investors continue to digest the news that Nvidia is collaborating with Navitas to develop data center architecture for the next generation of data centers, due to launch in 2027. There's no doubt that the Nvidia connection is fueling the stock price appreciation this year. However, there is still a long way to go before Navitas develops solutions to work in next-generation 800-volt (V) high-voltage direct current (HVDC) data centers being developed to handle the surge in demand from artificial intelligence (AI) applications and high-performance computing.For the sake of brevity, it's challenging to go into too much detail on them here. Suffice to note that Nvidia believes they will be 5% more efficient and cut maintenance costs by 70%, while lowering cooling costs.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool