Powering Ai Data Centers - Navitas Semiconductor
$Navitas Semiconductor (NVTS.US)$ recently announced its Q1 earnings, surpassing expectations on both top and bottom lines. However, the company's guidance fell short of projections, echoing a trend seen across various industries. Despite this, the semiconductor sector is poised for a robust recovery in the second half of the year. Navitas, in particular, boasts a strong pipeline and rapid revenue growth. Notably, the company has highlighted its plans to diversify its revenue streams by providing power solutions for AI data centers, presenting a promising new avenue for growth..
Revenue Growth: Total revenue surged to $23.2 million in Q1 2024, representing a remarkable 73% increase compared to the same period in 2023.
This growth was driven by continued adoption of Gallium Nitride (GaN) technology in mobile fast chargers, AI-based data centers, and Silicon Carbide (SiC) sales for electric vehicles (EVs), solar applications, and industrial use.
Nativas Semiconductor also announced the following: ‘AI Data Center: Leading-edge GaNSafe and Gen-3 Fast GeneSiC technologies with unique system design-center solutions enable 3x increase in power capability to support AI-based data centers. Announcing 3 major design wins at the world's largest power-supply companies, in combination with over 30 customer projects in development. In the coming quarters, we expect to power data centers at AWS, Azure, Google, Supermicro, Inspur and Baidu.’ These are all big tech companies and Ai leaders that will provide good source of revenue for Navitas.
In my opinion this source of news is bullish as powering Ai Data Centers is starting to become expensive and with Navitas technology not only will they save money but mainly save power consumption. The guidance is the guidance, but it seems that this is a conservative one. This is exciting news, because they are winning in designs. This could be the bottom for this stock.
who else will use their technology?
$Amazon (AMZN.US)$ $Microsoft (MSFT.US)$ $Super Micro Computer (SMCI.US)$ $Alphabet-A (GOOGL.US)$ $Baidu (BIDU.US)$ $NVIDIA (NVDA.US)$ $Dell Technologies (DELL.US)$ $Whirlpool (WHR.US)$ $Oracle (ORCL.US)$ $Enphase Energy (ENPH.US)$ $VanEck Semiconductor ETF (SMH.US)$ $Spdr Series Trust Spdr S&P Semiconductor Etf (XSD.US)$ $Advanced Micro Devices (AMD.US)$ $Intel (INTC.US)$ $Arista Networks (ANET.US)$ $Broadcom (AVGO.US)$ $Meta Platforms (META.US)$ $Marvell Technology (MRVL.US)$ $Vertiv Holdings (VRT.US)$
#Ai #datacenter
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I enjoy studying companies and finding undervalue stocks with great upside. I’m a retail investor and amateur analyst.
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