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Power Integrations has unveiled what it says is the industry’s first 2.2 kV lateral GaN switch under its PowiGaN technology portfolio, aiming to advance high-voltage solutions in sectors like AI data centers and electric vehicles. Still, the stock is down 4.7% on the day at $58.98.
Power Integrations has unveiled its 2200 V PowiGaN technology for high-voltage applications such as AI data centers and electric vehicles. The company has announced what it says is the industry’s first 2.2 kV lateral GaN switch under its PowiGaN portfolio, according to Power Electronics News. The device demonstrates a continuous ID of 1.5 A at 1760 V, an off-state breakdown voltage above 4 kV, and switching capability up to 1 MHz.
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The intraday range in shares of Power Integrations expanded sharply, stretching from $58.87 to $63.12 and highlighting increased volatility within a broader bearish chart structure. Price action sits below the MA-20 and MA-50 but remains above the MA-200, signaling a split daily setup and a market still weighing direction. With the RSI at 37.7 nearing oversold territory, early indications point to the recent decline getting stretched to the downside. Immediate support is defined by the weekly low at $58.44.
To determine if recent developments are being absorbed into the price, traders should monitor whether the wide intraday movement—from $58.87 to $63.12—leads to further expansion or stabilization. Over the coming trading week, downside probability stands at more than 80% with upside probability at less than 20%, and the expected trading range is $56.09 to $61.86. While the past move has been a sharp move lower without a sustained trend, from here continued weakness or recovery will be signaled by price action relative to key levels: a close above $64.89 would confirm buyers stepping in, while a drop below $58.44 would indicate rejection of recent support. On the weekly chart the longer-term picture stays negative.
Earlier, analysts noted that Power Integrations was facing a conflicted technical setup, with longer-term support countered by short-term downside risk. The latest drop and increased volatility following the PowiGaN technology launch strengthen the downside scenario, making a close below $58.44 the key level for traders to watch in the near term.