Why semiconductor Is Trending Today?

Navitas Semiconductor, a company specializing in gallium nitride (GaN) power semiconductors, has seen its stock price skyrocket today. The surge is primarily attributed to several announcements regarding advancements in its chip technology, particularly those designed for Nvidia's data center architecture. These breakthroughs have been reported by various financial news outlets, including Barron's, Benzinga, Seeking Alpha, and Yahoo Finance. Navitas' stock has surged by over 200% in some cases, with many analysts and investors expressing optimism about the company's potential in the AI and data center sectors.