Navitas shares near $17 outpace Nvidia in 2026

Navitas Semiconductor shares near $17 were up about 148% year-to-date as of June 29, 2026, after the company introduced an 800V-to-6V DC-DC power delivery board in March. The company trades on Nasdaq under the ticker NVTS and had a market value of about $4.3 billion.

Navitas designs power semiconductors that convert and deliver electricity inside servers. The board launched in March converts very-high-voltage input down to 6V rails used by processors in a single stage, removing the traditional 48V intermediate conversion step. According to the company, the single-stage design reduces energy loss, saves space and lowers cooling requirements inside AI server racks.

Analysts revised forecasts after the product announcement. Morgan Stanley raised its price target to $12.50 from $4.20 in May. Baird raised its target to $20 from $9. Several consensus trackers show average price targets below the current share price.

Navitas’s share gain contrasts with larger AI-related chip names. Nvidia’s shares rose roughly 8% to 12% year-to-date as of June 29, 2026, while Nvidia’s market value remained measured in the trillions. Navitas is focused on power-delivery components for data-centre infrastructure rather than processors or accelerators.

The stock has shown volatility over the past year, with a 52-week trading range of $5.44 to $34.17. Market-data shows Navitas trading at about 92 times sales, compared with a five-year average price-to-sales ratio near 11.8.

Analysts and investors are monitoring the company’s revenue, margin and customer adoption metrics as reported in upcoming quarterly results. Future financial reports will provide data on how much revenue the company derives from AI data-centre deployments and how the new product contributes to sales and margins.