Been digging into some next-gen technology share prices lately and spotted three plays that actually look interesting right now.

First up is this company Navitas Semiconductor that most people haven't heard of. While everyone's obsessed with Nvidia dominating the AI chip space, there's a whole other angle nobody's talking about. Navitas is working on something less flashy but honestly pretty important - making power efficiency the main focus. We're talking silicon carbide and gallium nitride tech that can cut power consumption by 20 to 50% depending on the application. That's massive for data centers, EVs, consumer electronics, basically everything that plugs in.

The thing is, manufacturers are finally getting serious about this because they have to. Energy costs aren't coming down, and regulators are breathing down their necks. Market researchers are projecting this sector grows at like 25% annually through 2032. Navitas isn't profitable yet, but if you can stomach some volatility, this could be a multi-year winner. Takes patience though.

Then there's Nokia. Yeah, the old phone company that got destroyed by the iPhone. Most people forgot about them, but they pivoted hard into networking and connectivity infrastructure. Here's what caught my attention - they just partnered with Nvidia to pioneer AI-integrated 6G solutions. This isn't just hype. When AI and wireless networks actually merge properly, it changes everything. Data transmission speeds, efficiency, the whole infrastructure game gets reset. Nokia's positioning itself right in the middle of that shift.

And obviously AMD deserves a spot on any gen technology share price watchlist right now. Look, they're still number two to Nvidia in GPUs, but that gap is actually closing. Their data center revenue jumped 22% year-over-year, and their new Instinct MI350 GPUs are handling serious inference workloads. The Ryzen Embedded P100 they just dropped is 35% faster than what came before. AMD's targeting 35% annual revenue growth with 80% growth in their AI division specifically. That's ambitious, but the data suggests they might actually pull it off.

The analyst crowd is definitely bullish on AMD too. Most of them still rate it a strong buy with price targets around $287, which is over 30% above where it's trading. Not bad for a stock that spent years playing second fiddle.

Obviously don't go all-in on just tech stocks, but if you're looking at where actual innovation is happening, these three are doing something real. Not just riding the AI hype wave - actually building the infrastructure for what comes next. Worth keeping on your radar.