Why Navitas Soared 20% Today
NVTSNavitas Semiconductor (NVTS) The Motley Fool·2024-12-06 05:57

Shares of Navitas Semiconductor Corp. (NVTS 17.45%) rallied 22.3% on Thursday, as of 3:00 p.m. ET.Navitas is a small-cap chip designer that specializes in power-efficient designs for electric vehicles, electric infrastructure, and artificial intelligence (AI) data centers.With the severe slowdown in EV and electrical infrastructure spending this year, Navitas' stock had been hurt. However, some new product announcements on Thursday caused shares to bounce back big.New products for CESOn Thursday, Navitas pu ...