Power Integrations (POWI) Stock Rockets 20% on Nvidia AI Data Center News – Is the Next Big GaN Breakout Here?
POWI shares jumped about 21% to $41.90 intraday Oct. 13 after announcing a collaboration with NVIDIA on 800-volt DC power supplies for AI data centers. The stock remains down roughly 30% over the past year and trades well below its $69.53 high. Q2 revenue rose 9% to $115.9 million, but GAAP net income was just $1.4 million. CFO Sandeep Nayyar exited Oct. 4, with Eric Verity named interim CFO.
