After surging 108.67% so far in April, Navitas Semiconductor Corporation (NASDAQ:NVTS) secures a spot on our list of the mid-cap stocks with the highest gains in April.
The most recent spark occurred on April 13, 2026, when Gregory M. Fischer, a seasoned semiconductor engineer, was named an independent director by Navitas Semiconductor Corporation (NASDAQ:NVTS) with immediate effect.
Fischer is currently on the board of Semtech and has over 40 years of experience in the semiconductor industry, including a period as general manager and senior vice president at Broadcom. As a Class III director up for re-election in 2027, he will serve on Navitas’ Executive Steering and Compensation committees. That reflects a long-term strategic appointment.
Board Chairman Richard Hendrix put it simply: Greg is joining at a vital juncture, and his background is an invaluable asset for management as Navitas Semiconductor Corporation (NASDAQ:NVTS) navigates a fiercely competitive, rapidly evolving market.
In relation to what Navitas Semiconductor Corporation (NASDAQ:NVTS) internally refers to as its “Navitas 2.0” shift into high-power GaN and SiC markets, Fischer himself described the moment as a significant opportunity to accelerate the company’s transformation as it capitalizes on the AI revolution.
A month earlier, that shift had already been demonstrated.
Navitas Semiconductor Corporation (NASDAQ:NVTS) unveiled its 800 V-6 V DC-DC power delivery board at NVIDIA GTC 2026 in San Jose on March 16, 2026. This product completely eliminates the conventional 48V intermediate bus converter by converting directly from 800 V to 6 V in a single stage. The board is specifically designed for NVIDIA’s 800 VDC data center infrastructure and growing MGX architecture. It delivers up to 96.5% peak efficiency at a 1 MHz switching frequency with a power density of 2,100 W/in³.
Reduced losses, increased board space, and more computation, memory, and GPU real estate are all benefits of fewer conversion stages.
Navitas Semiconductor Corporation (NASDAQ:NVTS) is a leader in next-generation power semiconductors, focusing on gallium nitride (GaN) and silicon carbide (SiC) technologies that enable faster, more efficient power conversion. Founded in 2014 and headquartered in Torrance, California, the company went public in 2021. Its technologies are critical for high-growth applications, including electric vehicles, renewable energy systems, fast charging, and data centers. As global demand for energy efficiency intensifies and electrification trends accelerate, Navitas is positioned at the center of a multi-decade shift toward advanced power solutions.
While we acknowledge the risk and potential of NVTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVTS and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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