Navitas Semiconductor recently announced its collaboration with NVIDIA's MGX™ ecosystem, showcasing advancements in AI chip infrastructure at the COMPUTEX 2026 event in Taipei. By integrating its GaNFast and GeneSiC power semiconductor technologies, Navitas aims to enhance the efficiency and scalability of AI data centers through NVIDIA's platform. Their new 800 V-to-6 V DC-DC power delivery board, designed to improve power density and reduce the system footprint within GPU boards, highlights the ongoing industry efforts to meet the increasing compute power demands of AI applications. This collaboration underscores the critical role of innovative power technologies in driving next-generation AI infrastructure developments.

• NVIDIA (NasdaqGS:NVDA) last closed at $218.66 up 1.8%.

In other trading, United Microelectronics (TWSE:2303) was a standout up 5.2% and ending the day at NT$131.50. On Friday, the company announced a significant increase in net sales for May and year-to-date compared to the previous year. At the same time, Broadcom (NasdaqGS:AVGO) softened, down 12.6% to end trading at $418.91. This week, Broadcom reported a significant year-over-year increase in second-quarter revenue and net income.

Best AI Chip Stocks

• Intel (NasdaqGS:INTC) closed at $111.78 down 0.8%. Three days ago, Intel unveiled innovations in AI infrastructure and strategic partnerships focusing on AI inference, processors, and industry-specific solutions.
• Advanced Micro Devices (NasdaqGS:AMD) finished trading at $523.20 down 3.6%, not far from its 52-week high. Three days ago, AMD showcased its Helios rack-scale platform for AI workloads at Computex.
• Micron Technology (NasdaqGS:MU) ended the day at $996.00 down 7.7%.

Summing It All Up

• Reveal the 133 hidden gems, such as Realtek Semiconductor, NXP Semiconductors and HANMI Semiconductor, among our AI Chip Stocks screener with a single click here.
• Looking For Alternative Opportunities? Trump has pledged to "unleash" American oil and gas and these 23 US stocks have developments that are poised to benefit.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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