Navitas (NVTS) Stock Hits All-Time High on NVIDIA AI Chip News – Will the Rally Continue?
Navitas Semiconductor shares surged to $15.63 on Oct. 16, a new 12-month high, after unveiling GaN/SiC chips for NVIDIA’s next-gen AI data centers. The stock has climbed over 330% year-to-date and now sports a $3.3 billion market cap despite ongoing losses. Wall Street targets remain far below current prices, with short interest near 25%.