📊 Midday Market Take

Hey there, hope your Wednesday is going better than the market's. The S&P 500, Nasdaq, and Dow are all sliding this afternoon, down 0.63%, 0.99%, and 0.81% respectively.

Tech is taking the hardest hit today, dragging the Nasdaq to the bottom of the leaderboard. Keep an eye on whether buyers step in near the close, because that could signal whether this dip has legs or fades quietly into the afternoon.

Navitas Semiconductor Corporation

Navitas Semiconductor Corporation designs, develops, and markets power semiconductors in the United States, Europe, China, rest of Asia, and internationally. The company offers gallium nitride power integrated circuits, silicon carbide power devices, silicon system controllers, and digital isolators for power conversion and charging. Its products are used in automotive, data center, mobile, consumer electronics markets, and various other applications.

3 Reasons to Watch NVTS

• Nvidia Just Put Navitas on the Map. Navitas was featured at an Nvidia MGX partner event this week, signaling that its power semiconductors are being tapped to help build out 800 VDC AI infrastructure. Getting a seat at Nvidia's table is not a small thing, and the market agreed, sending shares up more than 22% in a single session.
• The 90-Day Chart Is Hard to Ignore. Navitas is up 238% over the last 90 days and has now gained more than 434% over the past year, numbers that put most of the semiconductor space to shame. That kind of momentum usually means something real is happening underneath the surface, and in this case the Nvidia collaboration helps explain why.
• GaN Tech Is Becoming an AI Infrastructure Play. Navitas designs gallium nitride power integrated circuits, which are increasingly relevant as data centers demand faster, more efficient power conversion to support AI workloads. The company's collaboration with the Nvidia MGX ecosystem positions its GaN technology directly inside the infrastructure buildout that investors have been chasing all year.

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