Navitas Semiconductor (NVTS) unveiled a 24 kW 800 V-to-12 V DC-DC power delivery board co-developed with NVIDIA for the MGX ecosystem, highlighting its push into AI data centers. Its share price has been choppy, with a 1-day return of 4.6% after the product news, but it is down 21.25% over 90 days and 16.87% over the past year, while its 3-year total shareholder return is 76.82%. A popular valuation narrative cited in the article puts fair value at $14.46 against a last close of $10.45, pointing to a $450 million backlog of design wins. The article also flags risks including legal action from Wolfspeed and soft demand in EV, solar and industrial markets. Bulls point to the NVIDIA ties, while bears focus on losses, share issuances and recent declines.
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- Can Navitas Semiconductor (NVTS) Turn NVIDIA-Aligned 800V AI Power Designs Into Durable Competitive Advantage?
Navitas Semiconductor announced in early October 2026 a 24 kW, 800 V-to-12 V GaNFast power board developed with NVIDIA, targeting 97% efficiency for AI data-center racks through a single-stage design. The article views it as a near-term catalyst but notes it does not reduce risks from ongoing losses and shareholder dilution. Its narrative projects $143.2 million in revenue and $24.0 million in earnings by 2029, requiring 52.3% yearly revenue growth from current earnings of -$133.9 million and implying a $14.46 fair value. The lowest analyst estimates, by contrast, model only about US$123.6 million in revenue by 2029.
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Navitas Semiconductor (NVTS) shares, priced at US$10.45, have gained 76.8% over three years, helped by AI-focused power projects. The article assesses whether the valuation is supported by book value: the stock trades at a P/B of about 3.4x, below the semiconductor industry average near 4.1x and a peer group around 4.1x. Recent developments, including the Claros acquisition, collaborations with Nvidia and Microchip, and a US Army-backed SiC program, are cited as factors that could affect future capital needs and earning power. The article suggests the valuation rests more on existing net assets than on a premium for future projects.
- NVTS Stock Rises Overnight: Navitas Unveils 24 kW Nvidia AI Power Board Targeting 97% Efficiency
Navitas Semiconductor (NVTS) stock gained over 1% overnight after the company unveiled a 24 kW power delivery board developed with Nvidia for AI data centers, targeting 97% efficiency at full power. The board removes an intermediate stage that converts 50 volts to 12 volts, aiming to reduce energy losses, simplify power distribution and free up board space. It uses 16 GaN transistors rated at 650 volts and follows a previously announced 20 kW system that converts 800 volts to 6 volts. The stock had fallen 7% in the regular session, its worst day in over a month, while retail sentiment on Stocktwits turned bullish.
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