News

BlockBeats News, June 3rd, according to Bitget market data, in pre-market trading, Navitas (NVTS) saw its gains expand to over 28%, with the stock price surpassing $31 and the market cap exceeding $7.2 billion. Navitas (NVTS) is listed in the NVIDIA AI Factory full industry chain stock pool and recently announced its formal entry into the NVIDIA MGX AI Factory ecosystem. It will provide efficient power solutions for NVIDIA's next-generation AI servers and rack-level platforms. With Gallium Nitride (GaN) and Silicon Carbide (SiC) power device technology, Navitas focuses on supporting NVIDIA's 800VDC high-voltage DC distribution architecture, which can significantly improve power conversion efficiency, reduce energy consumption, and increase power density. This will help AI data centers achieve higher performance and lower operating costs.

ChainCatcher news, according to Golden Ten Data, Wall Street traders expect a strong jobs report to be released on Friday, but oil price fluctuations are shifting more attention toward inflation concerns. Crude oil prices continue to climb, while the stock market remains steady. Traders are worried about the persistence of inflationary pressures and the Federal Reserve's response, anticipating that the Fed's interest rate decision in June will be the most significant event for the S&P 500 index over the next month. According to Citigroup, the options market expects the index to fluctuate up or down by 0.6% on Friday.

ChainCatcher news, according to Fortune, crypto-focused venture capital firm Variant has completed fundraising for its new $222 million fund, Variant 4, which will invest at the earliest stages of projects, focusing on the theme of “autonomy” and the integration of AI and crypto applications. Partner Jesse Walden stated that the label of “crypto investor” will disappear in the future, as crypto will become a universal “underlying pipeline” like internet infrastructure. The core is to provide users and enterprises with greater autonomy and security through decentralization and secure contract architecture, supporting the development of applications including DeFi platforms such as Uniswap and Morpho.