Navitas Shares Jump 4.8% on Launch of AI Power Board with Nvidia

Key Facts

1Navitas shares rose 4.8% to $9 following the unveiling of a 24 kW power board developed with Nvidia.

2The new board targets 97% efficiency at full load by converting 800V directly to 12V.

Navitas shares rose 4.8% to $9 following the unveiling of a 24 kW power board developed with Nvidia. TIKR.com reported that the new board targets 97% efficiency at full load by converting 800V directly to 12V. The collaboration aims to address power efficiency challenges in AI data center infrastructure.

NVTS closed at $9.16 on October 21, 2026, while NVDA closed at $221.97 on the same date. In the broader semiconductor market, AMD closed at $552.72 and INTC closed at $92.96 on October 21, 2026. This development follows Navitas's efforts to overcome what its CEO described as the "AI infrastructure power wall" through direct conversion technologies.