Navitas Semiconductor (NASDAQ:NVTS) shares surged roughly 26% on Wednesday after the company highlighted its participation in Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)'s partner ecosystem at a major industry event in Taipei, drawing investor attention to its role in next-generation AI data center power architectures. The company participated in Nvidia's Partner Ceremony held on May 29, 2026, at the Taipei Nangang Exhibition Center.