📊Executive Summary

Navitas Semiconductor and Lumentum Holdings are positioned to benefit from the growing demand for data centers and AI infrastructure. Navitas focuses on GaN and SiC chips, crucial for next-gen AI data centers, while Lumentum provides optical components for data movement. However, Navitas is facing challenges with declining revenues due to deprioritizing its low-margin mobile business, projecting a revenue drop from $10.1 million to $7 million in Q4 2025. This shift may impact procurement strategies as companies prioritize high-power applications. Lumentum, on the other hand, is experiencing significant growth due to increased spending on AI and cloud data centers, with Q1 2026 revenues up 58%....