「Huang Renxun's Stock Selection」 NVTS Surges Over 28% in Pre-market Trading, Joins NVIDIA's MGX AI Factory Ecosystem

BlockBeats News, June 3rd, according to Bitget market data, in pre-market trading, Navitas (NVTS) saw its gains expand to over 28%, with the stock price surpassing $31 and the market cap exceeding $7.2 billion.

Navitas (NVTS) is listed in the NVIDIA AI Factory full industry chain stock pool and recently announced its formal entry into the NVIDIA MGX AI Factory ecosystem. It will provide efficient power solutions for NVIDIA's next-generation AI servers and rack-level platforms. With Gallium Nitride (GaN) and Silicon Carbide (SiC) power device technology, Navitas focuses on supporting NVIDIA's 800VDC high-voltage DC distribution architecture, which can significantly improve power conversion efficiency, reduce energy consumption, and increase power density. This will help AI data centers achieve higher performance and lower operating costs.