Shares of Navitas Semiconductor are soaring after the company shared an update on its development of advanced 800 VDC GaN and SiC power devices. The progress highlights innovations in high-voltage power technology, promising faster, more efficient energy solutions. This positive update has sparked investor excitement, leading to a surge in stock value. The video explores the reasons behind the jump, the company's technological advancements, and what it means for future growth in the semiconductor market.