NVTS vs AEHR Stock Comparison: AI Score, Valuation, Performance and Upside
NVTS and AEHR both benefit from wide-bandgap semiconductor adoption but from completely different positions in the value chain: NVTS sells GaN power ICs directly to end-market customers, while AEHR sells capital equipment used to test SiC devices during manufacturing. Both are small-cap, early-stage businesses with concentrated customer bases, but their revenue models and risk drivers are fundamentally different.
Choosing between NVTS and AEHR means choosing between a GaN device vendor with diversified end-market growth potential and an equipment maker with near-monopoly SiC burn-in exposure — both require SiC/GaN adoption to accelerate, but AEHR's success depends on fab capex cycles while NVTS depends on design-win conversion.
AEHR holds the edge across 5 of 5 key metrics in this comparison. AEHR leads on both 1-year return (+205.82%) and forward P/E quality (68.45x vs -88.95x for NVTS), a relatively favorable combination of momentum and valuation. AEHR leads on both revenue growth (33.70%) and operating margin (-6.40%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for AEHR (+35.18%) than for NVTS (+25.56%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- prefer device-level exposure to GaN adoption in fast-growing end markets like EV charging
- value an asset-light fabless model with scalable economics as design wins convert to revenue
- want direct exposure to the transition from silicon to wide-bandgap semiconductors at the product level
- are comfortable with pre-profitability status and consumer market revenue mix in the near term
- prefer capital equipment exposure to SiC manufacturing capacity expansion with pricing power
- value a near-monopoly equipment position backed by deep customer qualification cycles
- want asymmetric upside from GaN burn-in adoption as a potential next catalyst
- are comfortable with lumpy, order-driven revenue and concentration in the SiC device market
| Metric | NVTS | AEHR |
|---|---|---|
| AI scorei | 22.7 | 58.0 |
| AI ranki | #4023 | #211 |
| Latest closei | $11.43 | $93.49 |
| 1M returni | -10.91% | -13.40% |
| 6M returni | +30.63% | +170.83% |
| 1Y returni | +69.84% | +205.82% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | NVTS | AEHR |
|---|---|---|
| 1Y ago | $16.98K (+69.8%) started 2025-09-18 | $30.58K (+205.8%) started 2025-09-18 |
| 5Y ago | $8.93K (-10.7%) started 2021-10-20 | $87.29K (+772.9%) started 2021-09-20 |
| 10Y ago | $8.93K (-10.7%) started 2021-10-20 | $434.84K (+4248.4%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | NVTS | AEHR |
|---|---|---|
| Market capi | $2.93B | $3.09B |
| Trailing P/Ei | N/A | N/A |
| Forward P/Ei | -88.95 | 68.45 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 63.06 | 59.65 |
| Analyst targeti | $14.08 | $128.00 |
| Target upsidei | +25.56% | +35.18% |
| Metric | NVTS | AEHR |
|---|---|---|
| Revenue growthi | -27.30% | 33.70% |
| Earnings growthi | N/A | N/A |
| EPS growthi | N/A | N/A |
| FCF margini | -10.44% | -3.91% |
| Operating margini | -254.97% | -6.40% |
| Profit margini | 0.00% | -14.25% |
| ROIC proxyi | -52.60% | -4.16% |
| Return on equityi | -52.60% | -4.16% |
| Dividend yieldi | N/A | N/A |
| Payout ratioi | 0.00% | 0.00% |
| Dividend growth streaki | N/A | N/A |
| Betai | 3.88 | 3.07 |
| Debt/equityi | 0.64 | 4.50 |
| Current ratioi | 21.79 | 10.33 |
| Quick ratioi | 20.34 | 7.60 |
Over the past year, NVTS and AEHR have moved moderately in the same direction (correlation of 0.59), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | NVTS | AEHR |
|---|---|---|---|
| 1Y | Growthi | +69.84% | +205.82% |
| CAGRi | +69.90% | +206.06% | |
| Volatilityi | 126.36% | 125.55% | |
| Sharpe ratioi | 0.99 | 1.47 | |
| Sortino ratioi | 1.68 | 2.44 | |
| Max drawdowni | 69.38% | 47.62% | |
| Current drawdowni | 64.05% | 35.79% | |
| Avg drawdowni | 39.25% | 19.65% | |
| Ulcer Indexi | 44.45% | 23.89% | |
| Max daily dropi | 18.23% | 17.61% | |
| Max wkly dropi | 41.75% | 33.78% | |
| 5Y | Growthi | -10.70% | +772.92% |
| CAGRi | -2.28% | +54.32% | |
| Volatilityi | 124.61% | 103.16% | |
| Sharpe ratioi | 0.45 | 0.88 | |
| Sortino ratioi | 0.88 | 1.44 | |
| Max drawdowni | 92.04% | 87.37% | |
| Current drawdowni | 64.05% | 35.79% | |
| Avg drawdowni | 64.62% | 46.59% | |
| Ulcer Indexi | 67.59% | 53.96% | |
| Max daily dropi | 20.70% | 27.08% | |
| Max wkly dropi | 41.75% | 36.64% | |
| 10Y | Growthi | -10.70% | +4248.37% |
| CAGRi | -2.28% | +45.85% | |
| Volatilityi | 124.61% | 95.94% | |
| Sharpe ratioi | 0.45 | 0.80 | |
| Sortino ratioi | 0.88 | 1.37 | |
| Max drawdowni | 92.04% | 87.37% | |
| Current drawdowni | 64.05% | 35.79% | |
| Avg drawdowni | 64.62% | 49.13% | |
| Ulcer Indexi | 67.59% | 54.84% | |
| Max daily dropi | 20.70% | 27.08% | |
| Max wkly dropi | 41.75% | 43.32% |
| Category | NVTS | AEHR |
|---|---|---|
| Company | Navitas Semiconductor Corporation | Aehr Test Systems |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductor Equipment & Materials |
| Core business | Navitas designs GaN power ICs for EV chargers, mobile fast chargers, data center power supplies, and solar inverters. Its fabless model and monolithic GaN integration differentiate it from discrete component suppliers. Revenue is scaling from consumer origins toward higher-value automotive and data center markets. | Aehr Test Systems designs wafer-level burn-in and test systems used to screen out early-life failures in silicon carbide (SiC) and silicon power devices. Its FOX-XP and FOX-NP systems allow semiconductor manufacturers to stress-test SiC MOSFETs at the wafer level before dicing, catching infant mortality defects that would otherwise cause field failures in EVs. Aehr is the dominant supplier of wafer-level SiC burn-in equipment to major SiC device makers. |
| Investor focus | Investors track design-win momentum in EV and data center segments, the timeline to profitability, and gross margin expansion as the product mix shifts toward higher-ASP industrial applications. | Investors focus on SiC burn-in equipment order flow from major customers (Wolfspeed, onsemi, STMicro, Infineon), revenue visibility from multi-system orders tied to new fab openings, and whether gallium nitride (GaN) device makers begin adopting wafer-level burn-in—a potential next market expansion. |
- Proprietary GaNFast technology integrates GaN FET with gate driver and protection, reducing system complexity
- Strong early position in GaN for 800V EV on-board chargers and DC fast-charge station power supplies
- Fabless structure allows R&D focus without the capital burden of manufacturing
- Near-monopoly on wafer-level SiC burn-in equipment, driven by patented FOX architecture and customer qualification cycles
- Orders tied to fab expansion decisions at major SiC manufacturers, providing multi-quarter revenue visibility
- GaN burn-in is an emerging potential market that could expand the total addressable market significantly
- Consumer and mobile revenue still dominates the mix, creating smartphone-cycle vulnerability
- Path to profitability requires significant revenue scaling that depends on EV and data center design-win conversion
- Multiple larger competitors have announced GaN product roadmaps targeting the same markets
- Revenue is highly concentrated in SiC burn-in; a slowdown in SiC fab capex directly hits orders
- Customer order timing is lumpy, making quarterly revenue volatile and difficult to model
- A competitor winning a major SiC customer qualification could significantly disrupt market position
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