Shares of Navitas Semiconductor Corporation (NVTS) are climbing about 19 percent in Wednesday morning trading after the company announced a collaboration with NVIDIA MGX ecosystem to accelerate 800 VDC AI infrastructure.
The company's shares are currently trading at $30.97 on the Nasdaq, up 19.64 percent. The stock opened at $30.56 and has climbed as high as $33.47 so far in today's session. Over the past year, it has traded in a range of $5.44 to $33.82.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.