Deutsche Bank AG established a new position in Navitas Semiconductor Corp on August 27, 2026. The investment bank acquired 192,720 shares. This initial stake is valued at approximately $3.45 million.
BlackRock also disclosed a new position in the company on the same day. The asset manager purchased more than 16 million shares.
Navitas is currently expanding its presence in the artificial intelligence sector. The company recently agreed to acquire Claros to enhance its AI data center capabilities. Navitas is scheduled to participate in the Deutsche Bank Technology Conference on August 27.