SEMICONDUCTOR NAVITAS (NASDAQ: NVTS) saw the price of its shares more than double on Thursday after a great announcement that it is associated with NVIDIA to develop high -efficiency scalable energy delivery solutions for next -generation workloads. The news caused a massive increase in the interest of investors, which leads to Navitas more than 130% to $ 4.40 during intradic negotiation. This marked a dramatic reversal for the chips manufacturer, which had been hovering just above its minimum of all time one day before.
The association was revealed as part of the broader presentation of NVIDIA of a new energy distribution architecture for AI systems earlier this week. While the announcement flew under the radar of Wall Street at the beginning, since then it has drawn attention to name several collaborators, including industry players such as Infineon, Texas Instruments, Eaton, Veriv, and Navitas.
Navitas, which calls itself the only company of Pure next generation energy semiconductors, registered $ 83.3 million in revenues last year and reported a net loss of $ 84.6 million, or 46 cents per share. The company was made public at the end of 2021 through a SPAC fusion, debuting almost $ 13 per share. It briefly touched a historical maximum of $ 20 in November of that year, but since then the action has faced a significant downward pressure, closing only $ 1.91 on Wednesday, almost above its minimum record.
This week’s news has placed Navitas in the growing category of less known companies that have seen their market value shooting after the ties with Nvidia. The trend reflects what happened with Serv Serv Robotics last year, when their actions tripled in a day after Nvidia revealed a 10% participation in the Robotics Company. Earlier this year, the Chinese autonomous driving firm Weride also saw an increase in shares after Nvidia investment.
While the long -term impact of this association remains to be seen, Thursday’s rally raised Navitas actions to positive territory during the year, a significant milestone given the recent struggles of the action. For now, Nvidia’s support seems to have revived the confidence of investors in the future role of Navitas in the food of AI infrastructure.
Also read: The Rally of the shares of Nvidia and Tesla forces more than $ 250 billion in short seller losses
(Tagstotranslate) Navitator Navitor Nvidia Partnership (T) Navitas Stock Salta 130 percent
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