BUZZ-Navitas rises as shares surge following AI power board partnership with Nvidia

October 13 -

** Navitas Semiconductor Corporation (NVTS.O) shares rose 1.9% in pre-market trading, to $10.18

** The semiconductor company released (link) a 24kW, 800V to 12V power delivery board, developed in collaboration with NVIDIA NVDA.O, specifically designed for next-generation AI data centers

** NVTS stated that, at full load, the power board achieves 97% efficiency and can power an entire compute tray, thereby reducing power and delivery losses

** The company plans to showcase the power board at the 2026 OCP Global Summit

** As of the previous trading day’s close, NVTS had risen a cumulative 39.92% so far this year

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