Motive to Hire Hundreds as AI Unicorns Follow Big Tech to India
The San Francisco-based startup plans to hire more than 300 people for its AI, product and engineering teams at its Bangalore development center over the next two years, Chief Executive Officer Shoaib Makani said in an interview. Valued at $2.85 billion in a 2022 funding round, Motive's tools help fleet operators manage their workers, vehicles and expenditures.
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Nvidia (NVDA), the California-based chip giant, has rapidly cemented its position as the undisputed leader in AI semiconductors. Meanwhile, little-known Navitas Semiconductor Corporation (NVTS) appears well-placed to support and enhance that dominance. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Nvidia has already partnered with Navitas to make the most of this technological breakthrough. Last May, Nvidia signed a strategic partnership with Navitas to develop its 800V high-voltage DC architecture to support its future rack-scale systems, including recently announced Rubin Ultra GPUs. As a pioneer in Gallium Nitride (GaN) power ICs, Navitas is poised to help Nvidia slash energy costs—a critical advantage as running high-performance GPUs demands massive power. I'm Bullish on Navitas and Nvidia, as I believe their partnership will prove to be pivotal in driving an energy-efficient future for AI. Nvidia's Power Problem Creates Opportunities To understand my bullish outlook on both Nvidia and Navitas, it's essential to first grasp the scale of Nvidia's looming power challenge. According to its latest SEC filings, major hyperscalers are installing 1,000 NVL72 racks each week—equating to an astonishing 72,000 Blackwell GPUs. In its fiscal Q1 2026 report (late May), Nvidia revealed nearly 100 AI 'factories' were active during the quarter ended April 27, with GPU deployments in these facilities doubling year-over-year. Management also warned that sustaining this growth will require hundreds of gigawatts of power in the coming years. In fact, Nvidia now lists limited access to efficient energy resources as a key risk factor in its quarterly filings—one that could materially impact future financial performance. Industry data reinforces this concern: the International Energy Agency projects that global electricity demand from data centers, AI, and crypto could approach 1,000 TWh, roughly the current annual consumption of Japan. Without cost-effective, scalable energy solutions, this power bottleneck could become a serious brake on Nvidia's long-term AI chip demand. Navitas Offers a Solution to Nvidia's Power Needs The power gap is central to Nvidia's future—and Navitas is uniquely positioned to help close it. Gallium Nitride (GaN), Navitas' specialty, is a next-generation semiconductor material with fundamentally superior energy efficiency compared to the traditional silicon that dominates today's chips. Research shows GaN devices deliver higher power density, operate at cooler temperatures, and enable data center power platforms up to 40% smaller than silicon-based solutions. Recognizing this advantage, Nvidia formed a strategic partnership with Navitas in May to co-develop its 800V high-voltage DC architecture for next-generation rack-scale systems, including the recently announced Rubin Ultra GPUs. Navitas estimates that this collaboration could boost Nvidia's power efficiency by roughly 5%—a gain that translates into millions of gigawatt-hours saved at Nvidia's current scale. Beyond efficiency, the GaN-based systems are expected to slash data center maintenance costs by 70% and cut copper wiring needs by 45%, further enhancing Nvidia's operational edge. Navitas is More Than Just an Nvidia Partner Navitas's growth story is further reinforced by its aggressive diversification strategy. Since announcing its partnership with Nvidia in May, Navitas' stock has more than tripled—but the momentum extends well beyond AI. In Q1 2025, the EV, solar, and industrial sectors generated roughly 60% of company revenue, up from just 15% a year earlier—clear evidence of a rapidly broadening revenue base. Recent wins include major EV design contracts with industry leaders such as BYD (BYDDF), where Navitas' GaN and Silicon Carbide solutions enable 3x faster charging. In solar, Navitas secured a partnership with Enphase Energy (ENPH), tapping into a fast-growing renewable energy market driven by the global push for scalable, efficient climate solutions. The company is also making inroads into consumer electronics, targeting high-volume manufacturers like Dell Technologies (DELL). Together, these moves significantly de-risk the Navitas investment case by reducing dependence on any single market while positioning the company at the heart of multiple high-growth industries. Is Navitas Semiconductor a Buy, Sell, or Hold? On Wall Street, NVTS stock carries a Moderate Buy consensus rating based on three Buy, three Hold, and one Sell ratings over the past three months. NVTS's average stock price target of $7.07 implies approximately 6% upside potential over the next twelve months. While current analyst estimates suggest Navitas is fairly valued, I believe its ongoing partnership with Nvidia has the potential to shift sentiment meaningfully once the tangible financial benefits of that collaboration become evident. With its advanced GaN and SiC power semiconductors, Navitas is uniquely positioned to tackle the AI industry's most pressing challenge—power consumption—and, in doing so, emerge as a critical enabler of large-scale AI adoption. Navitas Semiconductor is well-positioned to support Nvidia's continued AI dominance by addressing one of its most critical scaling challenges—power efficiency. Early traction from the Nvidia partnership could open doors to additional deals with other major chipmakers, setting the stage for sustained, accelerated growth. While the stock trades at a premium, I remain Bullish, as Navitas has the potential to meaningfully disrupt the power semiconductor market.
