An analysis on July 22, 2026, suggests Navitas Semiconductor may be undervalued. This follows its strategic push into AI-related power chips. Competitor Wolfspeed filed a patent infringement lawsuit against Navitas, a factor investors are now weighing. Navitas disputed the allegations. The company reiterated its focus on high-growth areas, including AI data centers and grid infrastructure.
The stock declined over 46% in the last 30 days. This followed a strong run earlier in the year. A valuation narrative suggests an 11.3% upside for the stock. This implies a fair value of $14.46 from its last close of $12.83. This is supported by a reported $450 million backlog of design wins. These design wins are expected to convert to revenue in the coming years.