Navitas rises after unveiling progress on chips for Nvidia's data center infrastructure

** Shares of chip firm Navitas Semiconductor NVTS surge 26.7% to $12.63 premarket

** NVTS announces progress in development of chips to enable chip designer Nvidia's NVDA 800 VDC power architecture for next-generation AI factory computing platforms

** 800 volts direct current architecture has several benefits, including improved efficiency and scalability, and reduced copper usage - NVTS

** Up to its last close, stock has more than doubled this year