9 Hot EV Stocks To Buy Now

5. Navitas Semiconductor Corporation (NASDAQ:NVTS)

Navitas Semiconductor Corporation (NASDAQ:NVTS) is one of the hot EV stocks to buy now. On February 24, Navitas Semiconductor announced its Q4 2025 earnings report and highlighted a strategic pivot to ‘Navitas 2.0,’ focusing its gallium nitride/GaN and silicon carbide/SiC solutions on high-growth, high-power markets such as AI data centers and energy infrastructure. For the first time in the company’s history, these high-power sectors represented the majority of quarterly revenue, while mobile-related income declined to less than 25%.

Despite a decrease in total Q4 revenue to $7.3 million compared to the previous year, the company raised $95.6 million through a private placement, ending 2025 with $236.9 million in cash to fund its transition. Operationally, Navitas is accelerating its product roadmap by sampling 650V GaN for AI applications and ultra-high-voltage 3300V SiC modules for the energy grid. The company also formalized a long-term manufacturing partnership with GlobalFoundries to scale US-based GaN production by late 2026.

For 2026, Navitas Semiconductor Corporation (NASDAQ:NVTS) anticipates a return to sequential top-line growth, with Q1 revenue projected to rise to between $8.0 million and $8.5 million. The CEO highlighted AI as a primary catalyst for the broadening adoption of Navitas’ high-power solutions, particularly in 800V data center architectures.

Navitas Semiconductor Corporation (NASDAQ:NVTS) designs, develops, and markets power semiconductors in the US, Europe, China, the rest of Asia, and internationally.