New York, January 7, 2026, 09:11 EST — Premarket
- NVTS shares were up about 13% before the open after an investor-conference announcement
- CEO Chris Allexandre is set for a Needham Growth Conference fireside chat on Jan. 14
- Traders are looking for fresh detail on Navitas’ push into higher-power AI and grid markets
Navitas Semiconductor shares jumped about 13% to $10.19 in premarket trading on Wednesday, after the company said it will appear at Needham & Company’s Growth Conference next week. The stock closed at $9.04 in the prior session. 1
The timing matters because investors have been snapping up names tied — directly or loosely — to the buildout around AI data centers. Nvidia this week rolled out its next-generation “Vera Rubin” computing platform at CES 2026, keeping the focus on the hardware stack that feeds power-hungry systems. 2
Navitas, which makes gallium nitride (GaN) and silicon carbide (SiC) power chips — materials used to move electricity with less wasted energy — has been trying to shift its business mix. In a Nov. 3 update, it forecast fourth-quarter 2025 revenue of about $7 million as it pulled back from lower-power China mobile and consumer business and streamlined distribution, and Allexandre said: “We are executing a strategic pivot from consumer and mobile markets to these fast-growing, more profitable, more sustainable higher-power segments.” 3
Needham’s conference runs January 8–16, with in-person sessions on January 13–14, the firm says. Navitas’ scheduled slot is a chance to field questions on how quickly its higher-power pipeline turns into shipments — and what that means for margins. 4
Navitas is a small player in power semiconductors, a crowded lane that includes larger rivals such as Infineon, STMicroelectronics and onsemi. The pitch from Navitas has been that GaN and high-voltage SiC can shrink systems and improve efficiency in data centers, grid gear and electric vehicles.
But a conference appearance is not a contract. The near-term risk is that demand stays lumpy while customers test new power architectures, leaving revenue soft and the stock vulnerable if the conversation next week does not come with firmer timelines.
Traders will also be watching the $10 level after the premarket jump, a round number that often draws short-term flows once regular trading starts.
