Navitas Semiconductor Corp. (NASDAQ:NVTS) is one of the 10 Stocks Making Huge Moves Today.
Navitas extended its winning streak to a third straight day on Wednesday, jumping 24.88 percent to close at $10.84 apiece, following the unveiling of two new 5th generation semiconductor products which are aimed to address the needs of AI data centers.
In a statement, Navitas Semiconductor Corp. (NASDAQ:NVTS) introduced the top-side cooled QDPAK and a low-profile TO-247-4L which it said set “a new industry benchmark” for power density and ruggedness.
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Navitas Semiconductor Corp. (NASDAQ:NVTS) said that the QDPAK package is designed to overcome the thermal limitations of conventional PCB cooling by enabling heat dissipation directly through the top of the package to the heatsink. This optimized thermal path significantly improves heat dissipation efficiency and enables smaller system footprints.
Meanwhile, the TO-247-4-LP variant is an optimized package for power electronics systems where vertical clearance is limited, such as high-density AI power racks.
Products aside, Navitas Semiconductor Corp. (NASDAQ:NVTS) on the same day named Tonya Stevens as its new chief finance officer, replacing Todd Glickman who earlier announced his departure from the company to pursue other opportunities. The transition will take effect on March 30.
Stevens joins the company from Lattice Semiconductor, where she served as Chief Accounting Officer and previously as Interim CFO.
As new CFO, she will be tasked to oversee the semiconductor firm’s financial strategy, investor relations, treasury and the global finance organization and lead the path to profitability.
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