Prediction: 2 Stocks That'll Be Worth More Than Navitas Semiconductor 2 Years From Now

Navitas Semiconductor (NASDAQ: NVTS), a producer of gallium nitride (GaN) and silicon carbide (SiC) chips, saw its stock surge to a 52-week high of $9.17 on June 11. That marked a whopping 323% gain over its previous month. That rally was driven by Nvidia's decision to use Navitas' GaN and SiC chips -- which resist higher voltages, operate at higher temperatures, and switch at higher speeds than traditional silicon chips -- to process its AI workloads at its next-gen data centers. But as that initial euphoria faded, Navitas' stock retreated about 35% to around $6.Navitas is still a promising growth stock. From 2024 to 2027, analysts expect its revenue to increase at a compound annual growth rate (CAGR) of 17% as its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) turns positive by the final year. That expansion should be fueled by milder headwinds for its core EV, industrial, and solar markets; the growing usage of fast chargers (which use GaN and SiC) chips; and its closely watched deal with Nvidia.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool