Navitas stock soars 33% to 52-week high — what's driving the surge in this semiconductor star?

Time of India

a day ago

Navitas Semiconductor's stock soared, reaching a 52-week high of $9.18 with a market cap of $1.75 billion, fueled by a partnership with NVIDIA and anticipation for upcoming earnings. Despite a Deutsche Bank downgrade, the stock price target increased, and a new board member was added. The stock jumped 28.5% simply by announcing the earnings date, hinting at positive expectations.
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Navitas Semiconductor's stock price hit $9.18, the highest in 52 weeks — a big milestone for the company. The company now has a market cap of $1.75 billion. Just last week, the stock rose 15.67% and has jumped 90.73% in 6 months.In the last one year, Navitas stock has gone up by 68.49%, showing strong investor interest. Liquidity is strong with a current ratio of 5.61, meaning the company can easily pay short-term bills. However, experts warn that the stock may be overvalued at its current price. The beta is 3.01, meaning the stock is very volatile compared to the overall market, as per the Investing report.Shareholders approved all proposals at Navitas' 2025 annual meeting. Three directors were re-elected: Gene Sheridan, Ranbir Singh, and Cristiano Amoruso. KPMG LLP was approved again as the company's auditor for 2025, as per the reports.Navitas partnered with Powerchip Semiconductor to make 200mm GaN on silicon chips — this should boost performance in many tech products. It is also working with NVIDIA on 800V high-voltage direct current tech for AI data centers — a very big deal.Even though Deutsche Bank downgraded Navitas from Buy to Hold, it still raised the stock's price target because of the NVIDIA partnership.Navitas added Cristiano Amoruso to the board, who brings helpful experience as the company moves into AI, data centers, and EVs, as per the report by Investing.Strangely, Navitas stock jumped 28.5% in early morning trading just because it announced the date of its next earnings report — August 4th. No earnings results were shared yet — just the date — but the stock still exploded, as per The Motley Fool report.There might be rumors on Wall Street that the earnings will be better than expected. Most analysts expect a $0.05 per-share loss, but maybe some believe it'll beat that, as per the reports.Seaport Global upgraded Texas Instruments, a bigger rival in power chips, saying the inventory cycle is improving — this could be good news for Navitas too. Still, Navitas has lost money 4 of the past 5 years, and is expected to lose money for 4 more years. The Motley Fool's Stock Advisor says Navitas didn't make it into their top 10 stock picks right now.Navitas will report Q2 results on Aug 4, 2025, after markets close. The earnings call will be at 2:00 PM Pacific / 5:00 PM Eastern, and investors can listen live online. A replay will be posted on the company's Investor Relations site, as per the GlobeNewswire.Navitas is a power semiconductor company started in 2014, focused on GaNFast™ and GeneSiC™ tech for faster charging and energy savings. It works in key areas like AI data centers, electric vehicles, and mobile devices, as per the reports.The company has over 300 patents and is the first to offer a 20-year GaNFast warranty. Navitas is also the first semiconductor firm to be CarbonNeutral® certified, as stated by GlobeNewswire.Navitas stock jumped 33% due to strong investor excitement over its NVIDIA partnership, new tech developments, and upcoming earnings.Navitas has high growth potential but is still losing money, so experts are divided on whether it's a good buy.