Navitas Teams Up With NVIDIA on MGX Power Technology, Sending Shares Soaring
Navitas Semiconductor specializes in gallium nitride and silicon carbide power semiconductors, components that can improve data-center power efficiency. NVIDIA MGX is a modular AI server platform. As computing demands and rack power consumption rise, efficient power delivery has become critical to building next-generation AI factories.
Navitas announced that it was collaborating with NVIDIA to develop power-delivery technology for the MGX platform. Investor optimism that its solutions could enter the AI infrastructure supply chain sent the shares to a recent high. Available event data did not specify the announcement date, the stock’s one-day gain or closing price, or the value of the partnership. The companies also did not disclose a mass-production timetable or the expected financial contribution.
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The history behind this eventNavitas Revenue Outlook Tops Estimates as AI Data Centers Drive GaN Chip Demand
Navitas Semiconductor is targeting AI data-center power systems with GaN power integrated circuits and high-voltage SiC solutions, as rising computing-rack power makes energy-conversion efficiency increasingly critical. The company is pursuing its “Navitas 2.0” strategy, focused on high-performance computing, grid energy and industrial electrification, and estimates its serviceable market could reach $3.5 billion by 2030.
Navitas reported after the market closed on February 24, 2026, that fourth-quarter 2025 revenue was $7.3 million, down nearly 60% from a year earlier but above analysts’ estimate of $6.95 million. It forecast first-quarter 2026 revenue of $8 million to $8.5 million, also exceeding the market estimate of $7.345 million. The news sent its shares up 19.61% on February 25 to close at $9.88.
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