NEW YORK, Jan 13, 2026, 14:58 EST — Regular session
- Navitas shares fell roughly 11% in afternoon trading, following volatile swings earlier in the session.
- Traders are focused on CEO Chris Allexandre’s upcoming fireside chat at the Needham Growth Conference this Wednesday.
- Attention remains on the company’s drive into higher-power GaN and SiC chips aimed at AI data centers and grid infrastructure.
Navitas Semiconductor shares dropped roughly 11% Tuesday, erasing earlier gains in a choppy session. The stock fluctuated sharply, hitting a high of $10.96 before sliding to $9.30. By the close, shares stood at $9.33.
This matters because Navitas is one of the smaller, more volatile stocks investors turn to when trading the “AI data-center power” theme. With no major company updates expected before earnings, even routine repositioning can quickly impact the tape.
It arrives just a day ahead of management’s next scheduled appearance, leaving traders to wonder if Wednesday will reveal any updates on customers, product timing, or near-term figures.
The drop happened despite the broader chip sector holding steady. The iShares Semiconductor ETF gained around 1%, while Nvidia’s stock barely moved.
Navitas announced last week that its president and CEO, Chris Allexandre, is set to speak at the Needham Growth Conference in New York on Wednesday at 2:15 p.m. EST. The presentation will be available via live webcast on the company’s investor site.
Investors have been watching Navitas pivot away from low-power consumer and mobile sectors toward higher-power systems. In its latest quarterly report, the company posted third-quarter revenue of $10.1 million and held $150.6 million in cash as of Sept. 30. It forecasted about $7 million in revenue for the fourth quarter, citing a decision to “deprioritize[d]” its lower-margin China mobile and consumer operations. “We are executing a strategic pivot from consumer and mobile markets,” Allexandre said then.
A key part of Nvidia’s strategy centers on power hardware for next-gen AI infrastructure. The company aims to shift data centers to 800-volt direct-current power distribution by 2027. It named Navitas as a silicon partner, alongside bigger players like Infineon and onsemi—highlighting the tight race over this technology. (HVDC, or high-voltage direct current, lets electricity flow at higher voltage to reduce losses and cut copper use.)
On Wednesday, traders will zero in on one thing: whether the company narrows the window for when higher-power programs begin to boost revenue and how fast margins could tighten as the product mix shifts. If guidance remains vague, expect the stock to keep moving on headlines and short-term flows.
The downside is clear. Data-center power upgrades involve lengthy qualification processes and delays happen. Larger competitors might underprice or bundle components within wider power platforms, leaving smaller suppliers vulnerable if design wins drag before turning into volume shipments.
