$NVTS up +12.5% over the last 48 hours after Q3 beat — the "Navitas 2.0" pivot into AI Data Centers is actually happening
Anyone who held $Navitas Semiconductor Corp(NVTS)$ through that brutal October bleed from $12 down to $7.91 finally got some validation over the last two days. The stock jumped nearly 8% on Tuesday into the close ($8.56), beat Q3 numbers Tuesday night, and popped as high as $9.55 on Wednesday morning before settling around $8.93 (+4.3% today) on big volume. For the last year, the bear case on Navitas was that they were stuck selling low-margin GaN chips for cheap phone chargers. Look at what CEO Chris Allexandre just laid out on the Q3 call: Bye-bye phone chargers, hello AI data centers: By the end of Q4, low-end mobile/consumer revenue will be basically 0% of their business, while AI Data Centers and Grid Infrastructure will pass 40% of total sal