Navitas Semiconductor Corp. (NVTS) Surged on Tech Partnerships With Potential High-Profile Companies

Group 1: Market Overview - The U.S. equity market experienced a significant recovery in Q2 2025, rising 23% from its low to end the quarter at a record high [1] - U.S. large-cap stocks gained 11.1% during the quarter, with growth stocks outperforming value stocks [1] - The Meridian Contrarian Fund achieved a return of 16.42% (net) in the quarter, surpassing the Russell 2500 Index's return of 8.59% and the Russell 2500 Value Index's return of 7.29% [1] Group 2: Navitas Semiconductor Corporation - Navitas Semiconductor Corporation (NASDAQ:NVTS) reported a one-month return of 11.09% and a remarkable 152.33% increase in share value over the last 52 weeks [2] - As of September 25, 2025, Navitas' stock closed at $6.51 per share, with a market capitalization of $1.387 billion [2] - The company specializes in gallium nitride power integrated circuits and has a competitive advantage in GaN technology, which offers superior energy efficiency and charging speeds compared to traditional silicon [3] - Meridian initially invested in Navitas in early 2023 after a decline due to the cyclical mobile phone market, and the stock has performed well following technology partnerships with notable customers like Nvidia [3] - Navitas reported Q2 revenues of $14.5 million, aligning with guidance despite facing challenges [4]