NEW YORK — Navitas Semiconductor Corp. (NVTS) has delivered explosive gains in 2026, fueled by its gallium nitride (GaN) and silicon carbide (SiC) power semiconductor technologies tailored for artificial intelligence data centers and high-efficiency power applications, but analysts remain divided on whether the current valuation supports fresh buying or warrants caution.

The stock has surged dramatically year-to-date, climbing over 280% in some measures, propelled by a strategic partnership with Nvidia showcased at Computex 2026 and sequential revenue growth. Shares recently traded in the mid-to-high $20s after a series of sharp rallies tied to positive AI infrastructure developments.

Recent Performance and Key Catalysts

Navitas reported first-quarter 2026 revenue of $8.6 million, an 18% sequential increase, with non-GAAP gross margins expanding to 39.0%. The company guided for second-quarter revenue of $10.0 million plus or minus $0.5 million, signaling continued momentum in high-power segments critical for AI and energy infrastructure.

A major catalyst came in early June when Navitas announced its collaboration with Nvidia's MGX ecosystem to accelerate 800 VDC AI infrastructure solutions. The company's 800 V-to-6 V DC-DC power delivery board was featured in Nvidia's showcase, driving significant investor enthusiasm and multiple double-digit daily gains.

This alignment with Nvidia positions Navitas at the heart of the AI power efficiency boom, where gallium nitride technology offers advantages in speed, efficiency and size compared to traditional silicon solutions. Management........

© International Business Times