How Is Navitas Leading AI Data Center Power Platform Expansion?

Core Insights - Navitas Semiconductor (NVTS) is expanding its presence in the rapidly growing AI-powered data center market, which is projected to grow from $236.44 billion in 2025 to approximately $933.76 billion by 2030, at a CAGR of 31.6% [2] Company Developments - Recently, the company announced a 12-kW power supply unit (PSU) for hyperscale AI data centers, designed for high-power rack densities of 120kW [3][10] - In collaboration with NVIDIA, Navitas is co-developing a new 800V high-voltage DC (HVDC) architecture aimed at next-generation AI data centers [3][10] - The company's 'AI Power Roadmap' initiated in 2023 focuses on next-generation power delivery for AI data centers, featuring a series of high-efficiency PSUs with significant improvements in power density and energy loss reduction [4] - The latest release includes the world's first 8.5kW AI data-center PSU powered by gallium nitride (GaN) and silicon carbide (SiC), achieving 98% efficiency and compliance with Open Compute Project (OCP) and Open Rack v3 (ORv3) specifications [5][10] Competitive Landscape - Competitors like Texas Instruments (TXN) and Power Integration (POWI) are also making strides in the AI data center power space, with new power-management chips and high-voltage GaN switchers that cater to the increasing demands of AI data centers [6][8] Market Performance - Year-to-date, NVTS shares have surged 147.1%, significantly outperforming the industry and the S&P 500 composite, which grew by 14.9% and 6.9%, respectively [9] Valuation Metrics - NVTS stock is currently trading at a forward 12-month price-to-sales (P/S) ratio of 20.51X, which is considerably higher than the industry average of 7.47X [11]