Navitas Semiconductor Got a 164% Boost From Nvidia. Why the Stock Is Rising Again.
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Shares of Navitas Semiconductor charged higher Tuesday, just weeks after a partnership with Nvidia saw the stock more than double in value. Navitas shares climbed 13% t0 $6.22. The latest gains for Navitas came on the heels of a collaboration with BrightLoop Converters, a French power electronics company, in support of its latest series of hydrogen fuel-cell chargers specialized for agricultural transportation equipment.