Article

Navitas Semiconductor (NVTS) stock increased following President Trump's statement about collaborating with tech firms to prevent rising utility costs linked to data centers. The company focuses on advanced power chips using GaN and SiC technologies critical for AI data centers.

Investors are anticipating Navitas' participation in the 28th Annual Needham Growth Conference on January 14. The firm aims to enhance its market position in high-power applications. Meanwhile, Microsoft is adjusting its data center operations in response to Trump's call for energy efficiency.

With over 4,000 data centers in the U.S., concerns about electricity demands and rising costs have emerged. Illinois Governor JB Pritzker signed the Clean and Reliable Grid Affordability Act to ease energy price increases. ComEd has signed transmission security agreements with data centers to mitigate local consumer costs from increased energy demand.