10 Best Get Rich Quick Stocks To Invest In

8. Navitas Semiconductor Corporation (NASDAQ:NVTS)

Current Share Price as of February 19: $3.33

Stock Beta Rating: 2.21

Number of Hedge Fund Holders: 8

Navitas Semiconductor Corporation (NASDAQ:NVTS) designs, develops, and markets gallium nitride power integrated circuits, silicon carbide and associated high-speed silicon system controllers. The company specializes in cutting-edge semiconductor solutions that play a major role in determining the future direction of power management and energy efficiency. Its products are used in mobile, consumer, data center, solar, electric vehicle, industrial motor drive, and smart grid.

The demand for electric vehicles and renewable energy systems is expected to drive the semiconductor market’s growth to $1 trillion by 2030, making investments in companies like Navitas essential to advancement. With more than 200 client projects and a number of design wins, Navitas Semiconductor Corporation (NASDAQ:NVTS) is expanding its presence in the A.I. data center and electric vehicle industries.

Navitas Semiconductor Corporation (NASDAQ:NVTS) has started a cost-cutting initiative to strengthen its financial position. This plan, which is anticipated to save the company $2 million every quarter, will concentrate on high-growth industries like mobile applications, electric vehicles, and AI data centres while streamlining the organization.