Shares of Navitas Semiconductor Corporation (NVTS 21.77%) rocketed as much as 24.6% on Monday before settling into a 20.4% gain as of 2 p.m. EST.There wasn't any company-specific news out of Navitas today, but there was news on the geopolitical front relating to semiconductors. Apparently, Navitas investors took the developments positively.The Biden administration takes steps to protect American chip companiesOn Monday, the Biden administration launched an investigation into the practices of Chinese semicon ...