pingingz
Navitas Semiconductor (NASDAQ:NVTS) jumped from below $2 to above $8 per share in less than a month. The reason is simple. The company's power compound chips will be used by NVIDIA (NVDA) in certain
Why Navitas Jumped - And Why Aehr Will Soon Follow
Summary
- Navitas Semiconductor surged from under $2 to over $8 per share in less than a month due to the adoption of Navitas' chips by Nvidia.
- This partnership with Nvidia significantly boosts Navitas' growth prospects and market credibility.
- This provides a critical new growth vector for power compound semiconductors, which will eventually flow through to Aehr.
- As SiC and GaN manufacturing volumes increase, so too will demand for Aehr's test equipment.
- Both NVTS and AEHR are Buys at current levels.
Retail investor researching mostly semiconductors and fintech. Some general macro musings. My goal is to bring you timely and digestible research on the stocks that I cover.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of AEHR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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