Navitas Shares Rise on Bullish AI Infrastructure Spending Signal from Vicor
Navitas Semiconductor (NASDAQ: NVTS) shares surged by as much as 15.6% after power components company Vicor Corporation (NASDAQ: VICR) raised its Q2 revenue guidance, signaling stronger demand in the data center and hyperscaler segments. The move reflects growing optimism around AI infrastructure spending, which Navitas is positioned to benefit from due to its partnership with Nvidia.
Topics: AI infrastructure data centers revenue guidance semiconductors