Overview
- Navitas announced GaNFast and GeneSic power technologies that the company says support 800‑volt DC distribution for future AI data centers, with CEO Chris Allexandre calling the shift transformational.
- On Wednesday, the stock reached an intraday high of $15.43 and closed at $15.16, up 20.6%, marking a fifth straight advance to a new all‑time high.
- A five‑day surge of about 96% added roughly $1.5 billion in market value and put market capitalization near $3.2 billion, according to Forbes.
- Shares rose another 2.7% Thursday after being up as much as 10.8% earlier in the session, even as the S&P 500 fell 0.7% and the Nasdaq slipped 0.5%.
- Valuation has become stretched, with the stock around 61 times this year’s expected sales, and analysts highlight single‑stock and execution risks despite AI momentum.