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Navitas Shares Jump After Ex‑Broadcom Executive Gregory Fischer Joins Board

The move signals a tighter focus on high‑power chips for AI data centers.

Overview

  • Navitas gained about 15% after naming Gregory M. Fischer, a former Broadcom senior vice president, to its board with the appointment effective immediately.
  • Navitas is shifting its business toward AI data centers, with mobile now under 25% of revenue and a company‑estimated $3.5 billion market opportunity.
  • The company recently rolled out a DC‑DC power board with 96.5% peak efficiency for NVIDIA systems and new silicon‑carbide MOSFET packages, technologies that cut energy loss in high‑power servers.
  • Navitas remains unprofitable, reporting an estimated $41 million adjusted loss in 2025, and its lofty price‑to‑sales near 42 leaves little room for execution slipups.
  • The next checkpoint is May 5, when Q1 results are due and analysts expect a loss of $0.06 on $8.15 million in revenue, with investors watching for data‑center traction and margin gains.