Navitas Semiconductor shares jump as investors anticipate product showcases for AI and automotive applications at an industry event.
Navitas Semiconductor Corp. (NASDAQ:NVTS) climbed 37.2 percent week-on-week as traders positioned ahead of its participation in PCIM 2026, a three-day conference in Nuremberg. The company will present its latest gallium nitride (GaN) and silicon carbide (SiC) technologies targeting AI data centers, automotive, and industrial electrification sectors.
First-quarter results showed a wider net loss of $33.78 million, more than double the $16.8 million loss in the same period last year. Revenue fell 38 percent to $8.6 million from $14 million year-on-year, reflecting ongoing challenges in scaling operations.
The rally precedes Navitas’ showcase of solutions enabling 800 VDC adoption and advanced power topologies, underscoring investor focus on its long-term growth potential in high-demand markets.