U.S. market rose slightly before trading on Thursday, focusing on Navitas Semiconductor s stock price surged

Navitas Semiconductor said overnight that this transmission architecture will support Nvidia graphics processors (GPUs) power supply systems, which mainly builds efficient and scalable power supplies for next-generation artificial intelligence workloads.

Navitas Semiconductor Corporation (NASDAQ: NVTS) Major index futures in the U.S. Wall Street stock market rose slightly on Thursday (May 22). US Treasury prices have also stabilized. At the time of press time at 7 o'clock, the Standard & Poor 500 futures rose slightly by 3.60 points or 0.06% to 5848.10 points; the Nasdaq 100 futures, dominated by technology stocks, also rose slightly by 37.20 points or 0.18% to 21,117.60 points; the heavyweight Dow Jones Index futures fell by 30.50 points to 41,829.50 points. U.S. stocks closed sharply lower overnight (Wednesday) amid concerns that if Congress passes a tax cut bill proposed by President Trump, adding trillions of dollars to U.S. government debt. The Standard & Poor 500 index fell 95.85 points overnight to close at 5844.61 points. The Dow Jones Index fell 816.80 points and closed at 41860.44 points. The Nasdaq 100 index also fell by 1.34% or 287.01 points, closing at 21,080.36 points. The U.S. stock market traded overnight, with the total trading volume of the exchange being 19.39 billion shares, significantly more than the average trading volume of 17.5 billion shares in the past 20 days.

In April this year, Navitas Semiconductor also established a joint laboratory with GigaDevice, specializing in integrating and customizing its GaNFast integrated circuits and GigaDevice's microcontrollers. After the announcement of the cooperation, Navitas Semiconductor's share price also announced that it had risen nearly 4% on the day.

Navitas Semiconductor announced overnight that the company will cooperate with chip giant Nvidia to develop Nvidia's next-generation 800V high-voltage DC transmission architecture (800V HVDC architecture). Although the partners have not disclosed any details of the cooperation, after market investors learned about the news, Navitas Semiconductor's stock price immediately soared 188.48% to $5.51 after the overnight trading session. The stock's rise is particularly prominent as many stocks fell overnight.

Thursday (May 22) Focus:

The new equipment will also directly convert grid power to 800V high-voltage direct current (HVDC) around the data center by using solid-state transformers and industrial-grade rectifiers, thereby improving power supply reliability and reducing the complexity of the entire infrastructure. This transformation will eliminate several steps in the current process.

Pre-market trading focus:

Navitas Semiconductor CEO Gene Sheridan said: "Through our extensive product portfolio, we can support Nvidia's 800V high-voltage DC infrastructure, whether it's the grid or the GPU."

Navitas Semiconductor also said that after the conversion, Nvidia's 800V high-voltage DC architecture is expected to increase end-to-end power efficiency by up to 5%, repair costs by 70%, and system cooling costs will also be reduced.

Telecom giant AT&T agreed to acquire nearly all of Lumen Technologies' residential fiber broadband network for approximately $5.75 billion in cash. The news caused AT&T's stock price to fall slightly by 0.04% before the market trading Thursday night, with a deadline of $27.46. Lumen Technologies’ mass-market fiber business has approximately 1 million fiber users, including residential and commercial users, covering more than 4 million fiber locations in 11 states in the United States. Lumen Technologies' stock price rose 12.86% before trading Thursday night, with a deadline of $4.3. Sportswear giant Nike's shares rose 2.03% before trading Thursday night, with a deadline of $61.20. Naiji announced overnight that the group plans to raise retail prices across the board next week and start selling products on Amazon's U.S. website. It is understood that Naiji stopped selling products on Amazon in November 2019. Clothing brand group Urban Outfitters both saw growth in first-quarter earnings and turnover after overnight trading, driving the company's stock price to soar 18.17% before trading Thursday night, at $70.43. Its three major brands, namely Anthropologie, Free People and the same-name brand Urban Outfitters, have improved quarterly sales. On Thursday, let’s take a look at why Navitas Semiconductor’s stock price soared after the overnight trading session. The stock rose 140.31% before trading Thursday night, and was reported at $4.59. Pre-market active stocks are in sequence: Nvidia, Tesla, Lucid Group, Palantir Technologies and SunRun. At the time of press time, the stock prices of these five active stocks rose and fell mixed.