Navitas Semiconductor shares are trading lower. The company reported Q2 financial results.

Why Navitas Semiconductor Stock Is Up Today

Navitas Semiconductor announced its acquisition of Claros, a provider of energy management solutions for AI data centers, for up to $232.8 million. The deal is expected to more than double Navitas' addressable market to over $8 billion. Claros' technology enables compact power delivery systems that reduce response times, heat production, and operating costs for AI data centers by placing power solutions closer to chips.

Navitas Semiconductor shares are trading higher after the company announced it will acquire Claros.

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Navitas Accelerates AI Power Push With Claros Acquisition, Eyes $8 Billion Market

Navitas Claros Acquisition could more than double its 2030 market opportunity to over $8 billion as shares rise premarket.