Navitas Semiconductor Corp (NVTS) News & EventsNVTSNavitas Semiconductor Corp

Nasdaq Falls 0.4%, WTI Crude Rises to $93

Escalating geopolitical tensions and a more wobbly AI trade was the story of the day on Monday, with Tech-heavy Nasdaq Composite following 0.4% and S&P 500 finishing the day down by a decimal.WTI crude oil was up for the third consecutive day, rising above $93 per barrel as attack on a Saudi airport by Iran-backed Houthi militia - followed by a strong rebuke of the strike from the White House - threatened to draw the US into the Saudi-Yemen conflict and further destabilize the Middle East.  Energy was the best-performing sector in the S&P 500, followed closely by Consumer Staples stocks.Technology was the worst performing area of the market, as the basket of stocks most closely associated with the AI buildout drove the retreat.   Communication Equipment and Semiconductor Equipment and Materials saw outsized selling, with stocks like Ciena, Lumentum, Corning, and Sandiskregistering some of the biggest daily declines in the S&P 500 on Monday.In the opening hour of the evening session, index futures are slightly lower, with S&P e-minis down by a decimal and the Nasdaq 100 contract off by 0.2%.  Q3 earnings season kicks off on Tuesday with high-profile earnings from large financials, including JPMorgan Chaseand Goldman Sachs.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Nurix Therapeuticsup 4.1%ALSO HIGHER -Navitas Semiconductorup 4.3% after announcing a partnership with Nvidia on power delivery boardFormFactorup 3.6% after announcing a $300M investment from TeraDyneImmuCellup 2.2% after Q3 revenue pre-announcementLOWER -Syndax Pharmaceuticalsdown 19.4% after idiopathic pulmonary fibrosis study did not meet endpointSix Flags Entertainmentdown 11.9% after report of rollercoaster fatality in Georgia

Navitas Unveils 24 kW 800 V DC-DC Power Delivery Board

Navitas Semiconductor (NVTS) announced its latest 24 kW, 800 V-to-12 V DC-DC power delivery board, or PDB, powered by GaNFast technology and developed in collaboration with Nvidia (NVDA), to support the Nvidia MGX ecosystem and advance 800 VDC power architectures for AI data centers. The new PDB is planned to be featured on Nvidia's AI Factory MGX Wall partner display area at OCP Global Summit 2026. This latest 24 kW, 800 V-to-12 V PDB extends Navitas' portfolio of 800 VDC AI data-center platforms, building on the previously announced 20 kW, 800 V-to-6 V PDB developed in collaboration with Nvidia.

Navitas and Microchip Collaborate on 800V DC Reference Design

Navitas Semiconductor (NVTS) and Microchip (MCHP) have collaborated on an 800V DC-to-6V DC reference design for AI data center rack power applications. The platform combines Microchip's digital power control and security technologies with Navitas' GaNFast gallium nitride power devices to give developers a practical path to implement high-efficiency power conversion aligned with the Open Compute Project 800V DC standard. Complete with reference hardware, software and design documentation, the solution helps reduce design risk, shorten development cycles and accelerate deployment of next-generation AI infrastructure.