Why Navitas Semiconductor (NVTS) Stock Is Winning the AI Power Race

TLDR

• Navitas Semiconductor stock surged 61.2% in May, driven by strong Q1 earnings and rising AI infrastructure spending.
• The company beat Q1 estimates on revenue, loss per share, and cash outflows, prompting a wave of Wall Street price target upgrades.
• Wall Street consensus revenue estimates are now 12%, 10%, and 20% higher for 2026, 2027, and 2028 respectively.
• Navitas showcased its 800V-to-6V DC-DC power delivery board at Nvidia’s AI Factory MGX Ecosystem Showcase at COMPUTEX 2026 in Taipei.
• A new GaN technology licensing deal with Cyient Semiconductors in India added further momentum alongside positive signals from Nvidia and Vicor on AI spending.

Navitas Semiconductor (NVTS) stock has been one of the standout movers of 2026 so far. The stock jumped 61.2% in May alone, and as of this week it’s up roughly 262% year-to-date, currently trading around $32.25 with a market cap of approximately $6 billion.

Navitas Semiconductor Corporation, NVTS

The May rally wasn’t just one thing — it was a pile-on of good news hitting at the same time.

The company reported Q1 earnings in early May and beat analyst estimates across the board — revenue, loss per share, and cash outflows all came in better than expected. That’s the kind of result that gets Wall Street moving fast.

And move they did. A string of analyst price target upgrades followed the earnings report, pushing the consensus higher. According to S&P Global Market Intelligence, Wall Street’s revenue forecasts for Navitas are now 12% higher for 2026, 10% higher for 2027, and 20% higher for 2028.

Part of the excitement comes from what Navitas actually makes — gallium nitride (GaN) and silicon carbide (SiC) power semiconductors. These are the kinds of components that sit at the heart of next-generation AI data centers, which are increasingly moving toward high-voltage architectures.

Nvidia Partnership Puts Navitas at the Center of AI Power

Navitas is an Nvidia partner, and that relationship has been front and center this week. The company participated in Nvidia’s Partner Ceremony on May 29 in Taipei and is currently displaying its flagship 800V-to-6V DC-DC power delivery board at Nvidia’s AI Factory MGX Ecosystem Showcase at COMPUTEX 2026.

The board is purpose-built for 800 VDC rack architectures used in AI data centers. It eliminates the traditional 48V intermediate bus converter stage inside compute server trays, targets 97.5% peak efficiency at 1 MHz, and comes in at roughly 20% thinner than a mobile phone — thin enough to integrate directly with GPU boards.

It’s a bold claim, but the data center industry appears to be backing it up with spending.

Short Sellers Squeezed as Bulls Take Control

Navitas is a classic battleground stock. Wall Street doesn’t expect the company to turn a profit until 2030, which gives bears plenty of ammunition. Short sellers have been active in the name, betting that AI spending will cool before Navitas ever gets to breakeven.

May was not their month.

When positive catalysts arrive for a heavily shorted stock, short sellers are often forced to close their positions quickly, adding fuel to the rally. That dynamic almost certainly played a role here.

On top of the earnings beat and analyst upgrades, Navitas also announced a GaN technology licensing deal with Cyient Semiconductors in India, expanding its international footprint. Other AI-focused names — including Nvidia and power components firm Vicor — gave upbeat outlooks for spending in Navitas’ end markets, reinforcing the bull case.

The stock has now gained 335% over the past twelve months.

Analysts and market watchers are watching closely ahead of Navitas management’s appearance at the Evercore Global TMT Conference, which could bring further commentary on the AI power demand outlook.

The post Why Navitas Semiconductor (NVTS) Stock Is Winning the AI Power Race appeared first on CoinCentral.