Navitas Semiconductor Corporation (NVTS) Stock: Q2 Revenue Jumps as Navitas 2.0 Transition Strengthens AI Powered Growth

TLDR Navitas posts 22% Q2 revenue growth as high-power sales accelerate AI infrastructure expected to contribute over one-third of annual revenue Cash balance jumps to $557.4 million, strengthening expansion plans Q3 guidance signals 28% sequential revenue growth and higher margins Navitas 2.0 shift positions business around high-power semiconductor markets Navitas Semiconductor Corporation (NVTS) reported stronger [...]

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