Remember when your friend told you about that “sure thing” penny stock? Well, sometimes they’re actually right. Meet Navitas Semiconductor – the little chipmaker that shot up 78% this week.
This jump from $8.23 to $14.63 in just two trading days is thanks to their partnership with NVIDIA. Navitas makes specialized gallium nitride and silicon carbide chips for NVIDIA’s 800V power architecture – basically the super-efficient power managers for next-gen AI data centers.
Why This Actually Matters
Traditional data centers are like old laptops trying to run modern games – they can’t keep up with AI demands. NVIDIA’s 800V architecture with Navitas chips is like upgrading to a gaming rig that actually works.
As CEO Chris Allexandre said, this shift from 54V legacy systems to 800V isn’t just evolutionary – it’s transformational. When you’re riding alongside NVIDIA’s AI dominance, big words tend to pay off.
The Reality Check
Before planning your yacht purchase, remember this surge came from a progress report, not groundbreaking news. Navitas still burns cash – $15 million revenue, $22 million loss last quarter. They’re in the “invest in the dream” phase, not “count the profits.”
Up 322% year-to-date, Navitas has gone from penny stock to AI darling. But after a 78% weekly surge, even optimists should take a breath. Earnings on November 3rd will show if this rocket has more fuel or needs a pit stop.