Navitas Semiconductor Corp. (NASDAQ:NVTS) is one of the 10 Stocks Effortlessly Climbing Double-Digits.
Navitas Semiconductor saw its share prices climb by 19.98 percent on Friday to close at $29.25 apiece, as investors positioned portfolios ahead of its participation in a three-day conference early next month.
In a notice on its website, Navitas Semiconductor Corp. (NASDAQ:NVTS) said that it would take part in the PCIM 2026 in Nuremberg, Germany, from June 9 to 11, to discuss key issues such as automotive, AI, humanoid robots, the evolution in data center power distribution, riding the SiC wave efficiently, and the future of GaN.
The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels
It will also showcase its latest gallium nitride (GaN) and GeneSiC silicon carbide (SiC) power semiconductors catered to the needs of AI data centers, energy and grid infrastructure, and industrial electrification.
Navitas Semiconductor Corp. (NASDAQ:NVTS) said that it will specifically exhibit two solutions that enable a swifter transition to the 800 VDC standard using GaN, as well as two SST topologies enabled by Navitas GeneSiC UHV and HV technology.
In other news, Navitas Semiconductor Corp. (NASDAQ:NVTS) more-than-doubled its net loss in the first quarter of the year to $33.78 million from $16.8 million in the same period last year. Net revenues also declined by 38 percent to $8.6 million from $14 million year-on-year.
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