Why Navitas Semiconductor Is Skyrocketing Today (Hint: Nvidia Has a New Partner)
Shares of Navitas Semiconductor (NASDAQ: NVTS) are skyrocketing on Thursday. The company's stock soared an incredible 156% as of 1:57 p.m. ET, and as much as 161.8% earlier in the day's trading. The remarkable gain comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.2% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped 0.6%.
The semiconductor company announced a new partnership with artificial intelligence (AI) chip giant Nvidia after the market closed yesterday.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
A massive partnership
Navitas announced Wednesday that Nvidia has selected the company to help power its next-generation AI data center systems that will include the much anticipated Rubin chips, the upcoming successor to its current, industry-leading Blackwell chips.
Navitas says its gallium nitride (GaN) and silicon carbide (SiC) technologies will help Nvidia solve key scaling issues with its power supply for the incredibly powerful AI-enabling chips. The technologies create "high-efficiency, scalable power delivery for next-generation AI workloads, ensuring greater reliability, efficiency, and reduced infrastructure complexity."
A major validation
The deal is important not just because it will bring in significant revenue, but because in partnering with the world's leading AI chipmaker, Navitas' technology is validated to the entire industry.
Gene Sheridan, CEO of Navitas, said, "We are proud to be selected by Nvidia to collaborate on their 800 HVDC architecture initiative," adding, "Our latest innovations... have created new inflections into markets such as AI data centers and electric vehicles."
I think Navitas stock is worth owning; this seal of approval from Nvidia is a game changer, and the company's balance sheet is solid, with minimal debt.
Should you invest $1,000 in Navitas Semiconductor right now?
Before you buy stock in Navitas Semiconductor, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Navitas Semiconductor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!*
Now, it's worth noting Stock Advisor 's total average return is962% — a market-crushing outperformance compared to169%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of May 19, 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
40 minutes ago
- National Post
SUNMI Opens Its First North American Experience Center in Atlanta
Article content ATLANTA — SUNMI, a global leader in smart business IoT solutions, proudly announced the grand opening of its first North American SUNMI Home in Atlanta's central business district. Serving as a flagship experience center, the location offers partners and industry professionals a hands-on environment to explore SUNMI's latest innovations in digital transformation. The event was attended by SUNMI Founder Jack Lin, Rotating President and CMO Sam Su, along with key ecosystem partners and distribution partner ScanSource, marking a significant milestone in SUNMI's North American roadmap. This flagship store embodies SUNMI's innovative 'Regional Headquarters & Flagship Experience Center' model, aimed at accelerating localized digital transformation across the region. Article content Article content New Third-Generation Product Matrix: Setting a Benchmark for Smart Terminals Article content SUNMI Home 2.0 showcases its third-generation flagship products, including the global debut of the SUNMI CPad, L3, M3, and the new category -Flex 3. This extensive array of smart terminals is supported by SUNMI's integrated software capabilities and offers the SUPER Solution dual-system and Hyper Wi-Fi network solutions. Alongside global partners, SUNMI is building a digital engine for the restaurant, retail, and logistics sectors across North America. Article content Unlike traditional retail outlets, the SUNMI Home 2.0 seamlessly blends offline engagement with online services to deliver a holistic business experience: Article content Offline Events: The store will host a series of offline events, SUNMI Home Opening Day, welcoming channel partners and industry professionals. The opening days will feature sector-specific solution seminars and case studies, including presentations by local retail and restaurant owners showcasing their digitalization efforts and how SUNMI devices enhance space utilization and elevate the customer experience. Digital Experience: The upcoming iteration of the 'SUNMI Home' webpage will feature a 3D VR experience and an intelligent recommendation system, delivering an intuitive and personalized experience. With the interactive map, users can easily locate nearby SUNMI Home service centers and explore industry-specific solutions. Article content Strategic Expansion: Localized Strategies Activate the North American Market Article content Sam Su highlighted that 'Atlanta is a central hub connecting the east and west coasts of North America. From this headquarters, supported by regional offices, local warehouses, and dedicated teams, we aim to deliver tailored BIoT solutions leveraging our global supply chain and production network. Our ecosystem partners are essential as we work together to deliver comprehensive industry solutions that elevate user experience.' Article content Article content Article content Article content
National Post
an hour ago
- National Post
SmartStop Self Storage REIT, Inc. Acquires Five Premium Self-Storage Facilities in the Houston Metropolitan Area
Article content LADERA RANCH, Calif. — SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the acquisition of five Class A, high-quality self-storage properties strategically located throughout the Houston Metropolitan Statistical Area. Article content The newly acquired portfolio features a diverse mix of multi- and single-story facilities that collectively offer more than approximately 420,000 net rentable square feet and approximately 3,800 storage units, including climate-controlled units and RV spaces. Each facility is well-positioned within a high-demand submarket of Houston, benefiting from strong demographic profiles, high traffic visibility, and proximity to residential and retail development. Article content The newly acquired properties are located at: Article content 2412 W Holcombe Blvd, Houston, Texas 21836 Holzwarth Rd, Spring, Texas 9040 Louetta Rd, Spring, Texas 32620 FM2978, Magnolia, Texas 18250 Interstate 45 S, Shenandoah, Texas Article content These facilities will serve a range of high-demand neighborhoods and communities, including West University Place, Braeswood Place, and the Texas Medical Center in central Houston; Gleannloch Farms, Spring Creek Oaks, and Old Town Spring in northern Spring; as well as affluent suburban areas such as The Woodlands, Shenandoah, Magnolia, and NorthGrove. Many of these communities have experienced sustained population growth, increasing the need for convenient, secure, and modern storage solutions. Article content 'We commend Kathy and Scott Tautenhahn for developing a portfolio of such high-quality, well-located assets,' said Wayne Johnson, President and Chief Investment Officer of SmartStop. 'These properties exemplify the type of institutional-grade investments that align with our long-term strategy—targeting high-growth markets with strong demographics and enduring demand. We're also grateful to Aaron Swerdlin with Newmark for his active involvement throughout the entire transaction process.' Article content About SmartStop Self Storage REIT, Inc. (SmartStop): Article content SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. As of June 17, 2025, SmartStop has an owned or managed portfolio of 227 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 162,700 units and 18.3 million rentable square feet. SmartStop and its affiliates own or manage 42 operating self-storage properties in Canada, which total approximately 35,700 units and 3.6 million rentable square feet. Additional information regarding SmartStop is available at Article content Article content Article content Article content
CTV News
an hour ago
- CTV News
Mitsubishi hiking prices on new U.S. vehicles by average 2.1%
The Mitsubishi Outlander at the New York International Auto Show, on April 2, 2015. (AP / Mary Altaffer) WASHINGTON — Mitsubishi Motors said on Tuesday it was hiking prices of U.S. vehicles by 2.1 per cent on average, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration's tariffs. U.S. President Donald Trump in April imposed 25 per cent tariffs on car imports from Japan and nearly all other countries, prompting Mitsubishi to suspend deliveries from ports to U.S. dealers. The Japanese automobile manufacturer said it resumed those deliveries last week. The 2.1 per cent average sales weighted price hike effective Wednesday 'is a direct result of our regular and ongoing review of pricing in order to ensure we are in-line with segment expectations,' Mitsubishi said. Mitsubishi's U.S. sales in the first three months of 2025 were up 11 per cent after sales in 2024 were 110,000, up 26 per cent and the brand's best U.S. sales performance since 2019. The company told dealers that the price hikes on suggested retail prices would not impact vehicles in showrooms currently. The company also said it was making 'significant global investments in new vehicles and new technologies.' It cited 'updates to the new 2025 Outlander, recent announcements about a new battery EV coming to the U.S. and the study of joint-development with Nissan of a new vehicle to be built in the U.S. in the coming years.' Trump said last week that he may again soon hike auto tariffs. Last month, Subaru of America hiked prices on several models between US$750 and US$2,055 depending on the model and trim, in response to 'current market conditions.' Ford Motor in May raised prices on three models produced in Mexico by as much as US$2,000, becoming one of the first major automakers to respond to Trump's tariffs. --- Reporting by David Shepardson; Editing by Franklin Paul and Mark Porter
