The post What’s going on with Navitas stock and why is it up 78%? appeared on BitcoinEthereumNews.com.

This former penny stock is up 78% this week and 322% YTD. About a year and a half ago, we called out Navitas Semiconductor as a penny stock to watch, saying it could more than double in a year. That indeed turned out to be the case, as we chronicled in an article this past May. Now, Navitas, which makes high-performance silicon carbide and gallium nitride chips, is on the move again, rising 78% this week alone. What is behind the latest move for this high-flying chipmaker? A 78% surge Navitas stock was trading at around $8.23 per share when the market closed on Friday, October 10. On Wednesday afternoon, October 15, it was trading at roughly $14.63 per share – up 78% in just two trading days, as the markets were closed on Monday for Columbus Day. The stock price surged some 26% on Tuesday and rose another 17% on Wednesday. The rapid rise stems from a deal that the chipmaker inked with AI behemoth Nvidia (NASDAQ: NVDA) back in May of this year. That deal had Navitas providing Nvidia with its proprietary gallium nitride (GaN) and silicon carbide (SiC) chips for use on NVIDIA’s generation 800 V HVDC architecture. These Navitas chips are built to handle high-performance computing for applications like AI data centers, energy storage, electric vehicles and mobile phones. What sets Navitas apart is that its chips apparently process data faster and more efficiently than its competitors, which is how they caught Nvidia’s attention. On Monday, Navitas provided an update on its partnership with Nvidia, which sent the stock rocketing higher. Transformational change Essentially, Navitas reported that it is making progress on developing the semiconductors for Nvidia’s 800 VDC power architecture to power next-generation AI factory computing platforms. “Traditional enterprise and cloud data centers, which rely…

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Filed under: News - @ October 16, 2025 7:26 am