Navitas: Too Cheap To Ignore Anymore

Navitas Semiconductor Corp. is pivoting to AI data center and grid power management solutions, leveraging partnerships like Nvidia to address surging power demands. NVTS has transitioned from low-margin consumer markets to focus on high-growth, high-power segments, targeting a $3.5B AI infrastructure market with >60% CAGR by 2030. Q1 CY26 marked the first sequential revenue acceleration ($8.6M, +18% QoQ) and gross margin stabilization (37-38%), signaling early success in the Navitas 2.0 strategy. After a 60% share price drawdown, NVTS trades at ~8x book value, presenting an attractive entry point; I am initiating a bullish rating.

Power is quietly but quickly becoming one of the key