NEW YORK — Navitas Semiconductor Corporation (NASDAQ: NVTS) shares skyrocketed more than 25% in morning trading Monday, reaching $22.79 as investors poured into the gallium nitride and silicon carbide power chip specialist amid booming demand for high-efficiency solutions in artificial intelligence data centers.

The semiconductor company, which specializes in next-generation GaNFast and GeneSiC power semiconductors, has emerged as one of the clearest pure-play beneficiaries of the AI infrastructure buildout. Monday's surge pushed the stock well above recent trading ranges on heavy volume, reflecting renewed enthusiasm for companies enabling faster, cooler and more efficient power conversion in hyperscale data centers.

Q1 results fuel optimism

Navitas reported first-quarter 2026 results on May 5 that showed sequential revenue growth of 18% to $8.59 million, beating analyst expectations. The company highlighted a meaningful shift toward high-power markets, including AI data centers, grid infrastructure, and industrial electrification. Gross margins also expanded as the product mix improved.

CEO Chris Allexandre emphasized the company's successful pivot away from lower-margin mobile markets toward higher-value AI and energy applications. Navitas guided for Q2 revenue between $10.0 million and $10.5 million, with continued margin........

© International Business Times