Latest news with #Navitas
Yahoo
a day ago
- Business
- Yahoo
Why Navitas Followed Last Week's Monster Gain With Another This Week
Navitas rallied again this week after raising more money. Normally equity raises cause a stock to go down, so why was this one different? Navitas was able to sell stock at much higher prices on the heels of last week's Nvidia partnership announcement. 10 stocks we like better than Navitas Semiconductor › Shares of Navitas Semiconductor (NASDAQ: NVTS) rallied as much as 59.2% this week, before settling into a 22.2% gain through Thursday trading, according to data from S&P Global Market Intelligence. Navitas rocketed roughly 150% last week on the back of an announcement that its gallium nitride (GaN) and silicon carbide (SiC) chips would be used in Nvidia's next-generation Kyber data center infrastructure, which will house the upcoming Nvidia Rubin systems set to hit the market in 2027. This week, Navitas followed up that gain by selling stock at those newly high prices. While news of shareholder dilution is normally a negative for a stock, in this case, investors cheered the capital raise, as it now de-risks this small-cap company. On Tuesday, May 27, Navitas filed with the Securities and Exchange Commission (SEC) for an at-the-market stock sale program, in which it could sell stock to raise money on the open market through Jefferies investment bank, for up to $50 million. In the filing, Navitas also disclosed that it had exhausted its prior $50 million program. Normally, raising money through selling stock would cause a negative reaction from the market; however, it appears investors are cheering Navitas raising cash, which will extend the company's runway to when the Kyber systems will begin to be implemented. In the previous quarter, Navitas saw its revenue decline 40%, with operating losses of $25.3 million. The company also had just $75 million in cash on the balance sheet. So, raising cash at better prices appeared to de-risk the near-term outlook. When a small company inks a big partnership with Nvidia, that's a recipe for a potential boom. However, it's unclear how much revenue Navitas is going to see from this partnership, or when. After all, Navitas was just one of several power chip providers named in the Kyber effort, per Nvidia's blog. Therefore, investors interested in high-upside, high-risk situations in the artificial intelligence sector should continue to follow this story. If anything, the power demands of next-generation AI chips appear to need SiC and GaN chips in greater amounts, expanding Navitas' end market beyond electric vehicles. Before you buy stock in Navitas Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 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 $638,985!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $853,108!* Now, it's worth noting Stock Advisor's total average return is 978% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Jefferies Financial Group and Nvidia. The Motley Fool has a disclosure policy. Why Navitas Followed Last Week's Monster Gain With Another This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
4 days ago
- Business
- Globe and Mail
Nvidia (NVDA) Powers AI Stocks Higher Ahead of Its Q1 Earnings Report
AI stocks lit up the market on Tuesday as investor excitement built ahead of Nvidia's (NVDA) earnings release, due after the market closes today. While Nvidia saw a 3.2% increase, the real excitement came from companies within its orbit. Power chipmaker Navitas Semiconductor (NVTS) jumped nearly 50% after it announced a deal with Nvidia, while Coreweave (CRWV) and SoundHound AI (SOUN) also posted double-digit gains as investors bet on the strength of Nvidia's expanding ecosystem. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The rally extended beyond AI names. Broader indexes climbed, with the the Nasdaq 100 (NDX) up 2.5%, the the S&P 500 (SPX) rising 2.1%, and the Russell 2000 jumping 2.5%. Markets responded positively to President Trump's decision to delay a major tariff hike on European imports, along with an upbeat U.S. consumer confidence report. Navitas Skyrockets After Nvidia Deal Navitas Semiconductor became the day's standout performer, soaring nearly 50%. The spike followed an already massive 150% gain last Thursday after the company announced it would supply power chips for Nvidia's next-gen AI platforms. Navitas, previously valued at under $1 billion, has now positioned itself as a key piece of Nvidia's hardware puzzle, giving investors a compelling reason to pile in. Coreweave and SoundHound Ride the Nvidia Wave Nvidia's growing AI dominance is sending ripples far beyond the chip sector. Coreweave, a cloud computing company with deep Nvidia ties, jumped over 20%. Since going public in late March, the stock has more than tripled — a surge fueled by its role in running AI workloads using high-performance infrastructure. Meanwhile, SoundHound AI, a company specializing in voice recognition, gained 16% despite Nvidia exiting its stake last quarter. The company is up nearly 400% since Nvidia revealed its investment in early 2024. Just yesterday, Piper Sandler analyst James E. Fish called SoundHound an 'early leader' in conversational AI as they initiated coverage on the stock. They gave it an Overweight rating with a $12 price target, suggesting the shares could still rise about 7.9%. All Eyes on Nvidia's Results Now, all attention turns to Nvidia's Q1 earnings report. Wall Street expects Nvidia's Q1 FY26 earnings per share to surge to $0.73, up from $0.61 a year ago. At the same time, revenue is projected to climb more than 66% to $43.34 billion, according to TipRanks' analyst forecast page. More than just a chipmaker, Nvidia has become the face of the AI rally — and today's numbers could either strengthen that position or raise doubts about its momentum. Investors will focus not only on top- and bottom-line results but also on forward guidance, especially around AI demand, data center expansion, and new hardware partners. Many will also be listening for updates on the rollout of its next-gen Blackwell architecture, expected to play a big role in future revenue. A strong report could supercharge already hot AI names, while a disappointment may cool the frenzy. Is Nvidia Share a Good Buy? According to TipRanks, NVDA stock has a Strong Buy consensus rating based on 32 Buys, four Holds, and one Sell assigned in the last three months. At $164.21, the Nvidia stock price target implies a 21.19% upside potential.
Yahoo
5 days ago
- Business
- Yahoo
Why Navitas Semiconductor Skyrocketed Yet Again Today
Navitas inked a historic deal with Nvidia for its next-generation Rubin-based data center systems. The company makes innovative silicon carbide and gallium nitride chips. Today, Navitas sought to capitalize on its recent stock price increase. 10 stocks we like better than Navitas Semiconductor › Shares of Navitas Semiconductor (NASDAQ: NVTS) skyrocketed as much as 70.7% on Tuesday, before settling down to a 40.9% gain as of 1:22 p.m. ET. The massive gain comes on the heels of last Wednesday's near-200% gain after hours, after the company announced a potentially game-changing deal with Nvidia (NASDAQ: NVDA). Today, Navitas announced it would be following up that bit of good news with an equity sale, which aims to raise $50 million at much higher prices. While an equity raise would normally send a stock down, the stock is actually increasing again today. Coming into last week's announcement, Navitas seemed like a speculative small-cap company. Last quarter's revenue was just $14 million, a decline from the prior-year quarter, with operating losses of $25.3 million. With small volumes of declining revenue, short interest in the company had crept up to 12.8% of shares outstanding and 18.4% of the float as of April 30. However, things may have changed last Wednesday, when Navitas issued a press release announcing its gallium nitride (GaN) and silicon carbide (SiC) chips had been selected to go into Nvidia's upcoming 800V DC architecture, which will be used in Nvidia's upcoming Rubin Ultra-based data center chip systems. GaN and SiC-based chips have been somewhat of a niche product in the chip industry to date, and only cost-effective for the most trying environments where higher voltages under higher temperatures are required, such as electric vehicles and infrastructure. And while EVs have been in a prolonged slump, artificial intelligence (AI) data centers are becoming increasingly power-hungry, to the point where using more SiC and GaN chips may now be required. The announcement likely produced a massive short squeeze last week. However, today, Navitas announced a new at-the-market (ATM) offering, whereby the company can sell shares in the open market to raise cash. In the press release, the company announced it had sold all the prior $50 million ATM authorization, and had signed up for a new ATM program of similar size. Normally, when a company announces it has diluted shareholders and may continue to do so, the stock goes down; however, it appears investors actually cheered this announcement. Likely, the company sold a lot of stock last week after the big surge, so investors may believe it raised that cash at attractive prices. Of note, the company only had $75 million in cash as of the end of last quarter, so raising more cash at attractive prices to extend Navitas' runway was met with applause. Navitas is hard to value right now, as it's unclear as to the impact of the Nvidia contract. While last week's announcement was certainly great news, I'd be wary of chasing any stock merely on the mention of a partnership with or investment from Nvidia. These moves are driven by hype-by-association, with unclear tangible effects. Before you buy stock in Navitas Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 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 $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Why Navitas Semiconductor Skyrocketed Yet Again Today was originally published by The Motley Fool
Yahoo
6 days ago
- Business
- Yahoo
May 2025's Top Penny Stocks To Watch
Over the last 7 days, the United States market has dropped 2.6%, but it is up 9.1% over the past year, with earnings forecast to grow by 14% annually. Investing in penny stocks—often associated with smaller or newer companies—can still present growth opportunities, especially when these stocks demonstrate strong financial health and potential for long-term gains. In this article, we explore three penny stocks that offer compelling opportunities and balance sheet resilience, highlighting their potential to surprise investors with significant returns. Name Share Price Market Cap Financial Health Rating Perfect (NYSE:PERF) $1.81 $184.35M ★★★★★★ WM Technology (NasdaqGS:MAPS) $1.01 $169.86M ★★★★★★ TETRA Technologies (NYSE:TTI) $2.74 $364.62M ★★★★☆☆ Imperial Petroleum (NasdaqCM:IMPP) $2.78 $95.67M ★★★★★★ Table Trac (OTCPK:TBTC) $4.70 $21.81M ★★★★★★ BAB (OTCPK:BABB) $0.8283 $6.02M ★★★★★★ Lifetime Brands (NasdaqGS:LCUT) $3.22 $72.17M ★★★★★☆ New Horizon Aircraft (NasdaqCM:HOVR) $0.922 $28.94M ★★★★★★ Greenland Technologies Holding (NasdaqCM:GTEC) $2.06 $35.83M ★★★★★★ CBAK Energy Technology (NasdaqCM:CBAT) $0.877 $78.88M ★★★★☆☆ Click here to see the full list of 731 stocks from our US Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Navitas Semiconductor Corporation designs, develops, and markets power semiconductors globally, with a market cap of approximately $845.87 million. Operations: The company's revenue is primarily derived from its Semiconductors segment, totaling $74.15 million. Market Cap: $845.87M Navitas Semiconductor, with a market cap of approximately US$845.87 million, is navigating the volatile landscape of penny stocks with notable developments. Despite its unprofitability and increasing losses over five years, Navitas showcases potential through strategic collaborations, like its recent partnership with NVIDIA for advanced AI data center technologies. The company maintains a solid cash runway and lacks debt while projecting revenue growth of 23.08% annually. Recent product innovations in GaN and SiC technologies highlight their focus on high-efficiency power solutions across sectors such as AI data centers and EVs, positioning Navitas for future opportunities despite current financial challenges. Dive into the specifics of Navitas Semiconductor here with our thorough balance sheet health report. Gain insights into Navitas Semiconductor's outlook and expected performance with our report on the company's earnings estimates. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Vista Gold Corp., along with its subsidiaries, operates as a development-stage company in the gold mining industry in Australia, with a market cap of approximately $153.54 million. Operations: Vista Gold Corp. does not report any specific revenue segments as it is a development-stage company in the gold mining industry based in Australia. Market Cap: $153.54M Vista Gold Corp., with a market cap of approximately US$153.54 million, is navigating the penny stock realm as a pre-revenue, development-stage company in the gold mining sector. Despite reporting a net loss of US$2.71 million for Q1 2025, Vista has shown resilience by becoming profitable over the past five years and maintaining high-quality earnings without incurring debt. The management team and board are experienced, with average tenures exceeding industry norms. With short-term assets well above liabilities and no significant shareholder dilution recently, Vista Gold demonstrates financial stability amidst its developmental phase challenges. Jump into the full analysis health report here for a deeper understanding of Vista Gold. Gain insights into Vista Gold's past trends and performance with our report on the company's historical track record. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: 23andMe Holding Co. is a consumer genetics testing company operating in the United States, the United Kingdom, Canada, and internationally, with a market cap of approximately $88.53 million. Operations: The company's revenue primarily comes from its Consumer & Research Services segment, generating $208.78 million. Market Cap: $88.53M 23andMe Holding Co., with a market cap of approximately US$88.53 million, is currently navigating significant financial challenges, including Chapter 11 bankruptcy proceedings and delisting from Nasdaq. Despite generating US$208.78 million in revenue from its Consumer & Research Services segment, the company remains unprofitable with increasing losses over the past five years. Recent developments include a proposed acquisition by Regeneron Pharmaceuticals for US$260 million, contingent on bankruptcy court approval and regulatory clearances. The company's short-term assets exceed liabilities, but it faces cash runway constraints and has experienced high share price volatility recently. Get an in-depth perspective on 23andMe Holding's performance by reading our balance sheet health report here. Explore 23andMe Holding's analyst forecasts in our growth report. Gain an insight into the universe of 731 US Penny Stocks by clicking here. Contemplating Other Strategies? This technology could replace computers: discover the 22 stocks are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGM:NVTS NYSEAM:VGZ and OTCPK:MEHC.Q. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
24-05-2025
- Business
- Globe and Mail
Navitas (NVTS) Skyrockets 163% after NVIDIA Picks It to Power AI Data Centers
Boom. Just like that, Navitas Semiconductor (NVTS) went from under-the-radar to front-and-center on Wall Street. The stock exploded as much as 163% (as of writing) in pre-market trading after announcing a blockbuster partnership with none other than Nvidia (NVDA). The two are teaming up to power the future of AI data centers, and investors definitely like the sound of growth. Confident Investing Starts Here: Who Are You, NVTS? Navitas, a specialist in next-gen gallium nitride (GaN) and silicon carbide (SiC) power semiconductors, is joining forces with Nvidia to develop an ultra-efficient 800-volt high-voltage direct current (HVDC) power system. This new setup will fuel Nvidia's 'Kyber' rack-scale systems, which are built to run monster AI chips like the Rubin Ultra GPU. In more straightforward wording: Navitas just landed a golden ticket into Nvidia's booming AI empire. The partnership couldn't come at a better time. AI workloads are growing like wildfire, and data centers are struggling to keep up with the massive power demands. Traditional 54V power systems are reaching their limits—they are bulky, inefficient, and expensive to scale. Nvidia's new 800V HVDC approach changes the game by reducing copper use, cutting power losses by up to 30%, and improving energy efficiency end-to-end. What NVTS Brings to the Table Navitas brings the secret sauce to make it all work: GaNFast™ and GeneSiC™ power technologies, plus a cutting-edge 12kW power supply ready for mass production. It's explicitly designed for hyperscale AI data centers, offering more power in a smaller, cooler, and more reliable package. This deal signals a stamp of approval from Nvidia, positioning Navitas as a must-watch player in the rapidly evolving AI infrastructure race. Investors love asymmetric upside stories, and NVTS just turned into one. Yes, the stock has surged. Yes, it's now on the radar. But if Nvidia is betting on Navitas to help fuel the AI revolution, this might just be the beginning of a much larger power play. Keep an eye on analyst upgrades, insider activity, and future earnings. NVTS may have just moved from speculative to strategic overnight. Is NVTS Stock a Good Buy? As of now, the Street's analysts rate Navitas as a Moderate Buy, but this rating could be upgraded soon after the new Nvidia partnership. The average NVTS stock price target is $3.25, implying a 70.16% upside. See more NVTS analyst ratings Disclaimer & Disclosure Report an Issue
