Navitas Semiconductor Corporation - Common Stock (NVTS)

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Shares of Navitas Semiconductor surged on news of its collaboration with NVIDIA for AI data centers. Their 800V architecture promises significant efficiency, cost savings and scalable power delivery for AI.

It is not every day that a stock soars over 164%, but that is exactly what happened to little-known chip company Navitas Semiconductor (NASDAQ: NVTS) on May 22. The stock exploded in value after announcing a partnership with chip giant NVIDIA (NASDAQ: NVDA) . Navitas calls itself a “next-generation power semiconductor company." However, what does this actually mean?

Let's explore the current happenings on the US markets on Friday. Below, you'll find the stocks exhibiting unusual volume in today's session.