Navitas rises after unveiling progress on chips for Nvidia's data center infrastructure

** Navitas Semiconductor's NVTS shares soar 27.5% to $12.71 after the bell

** NVTS announces progress in development of chips to enable Nvidia's NVDA 800 VDC power architecture for next-generation AI factory computing platforms

** 800 volts direct current architecture has several benefits, including improved efficiency and scalability, and reduced copper usage

** NVTS designs and develops power semiconductors, including gallium nitride, power integrated circuits and silicon carbide chips used in power conversion and charging

** Up to last close, NVTS had jumped over 170% YTD