Is Navitas (NVTS) One of the Best Emerging Technology Stocks to Invest In?

Navitas Semiconductor Corporation (NASDAQ:NVTS) is one of the best emerging technology stocks to invest in. On December 11, Navitas Semiconductor announced a significant expansion of its partnership with Avnet (NASDAQ:AVT). The agreement elevates Avnet to a globally franchised distribution partner, building upon the successful existing relationship between Navitas and Avnet Silica in Europe. The move is part of a broader strategy by Navitas to consolidate its franchised distribution network and strengthen its global channel presence.

As one of the world’s largest electronic component distributors, Avnet will now provide worldwide technical and commercial expertise for Navitas’ advanced GaNFast/GaN and GeneSiC/SiC portfolios. These wide bandgap semiconductor devices are designed for high-voltage and high-power applications. By aligning with Avnet’s global framework, Navitas aims to provide customers with faster, more reliable product access and consistent technical support across all geographic regions.

Is Navitas (NVTS) One of the Best Emerging Technology Stocks to Invest In?

The partnership is targeted at high-growth, high-power sectors that demand energy-efficient solutions. These include AI data centers, high-performance computing, renewable energy, grid infrastructure, and industrial electrification. According to leadership from both companies, the expansion utilizes Avnet’s engineering depth to accelerate the worldwide adoption of Navitas’ GaN and SiC platforms as industries transition toward more advanced power designs.

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

While we acknowledge the potential of NVTS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVTS and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.