Stock Market Today, March 11: Navitas Semiconductor Surges After Launching New AI Data Center Power Platforms

Shares of Navitas Semiconductor (NASDAQ:NVTS), developer of gallium nitride (GaN) and silicon carbide (SiC) power semiconductors for efficient power conversion, closed at $10.84, up 24.88% on Wednesday. Shares surged after the company launched new SiC MOSFET and AI-focused power platforms. Investors are watching how AI data center and power infrastructure demand translate into sustained revenue growth. Trading volume reached 54.7 million shares, coming in about 161% above its three-month average of 20.9 mi ...