Why Navitas Semiconductor Stock Gained Today
Navitas Semiconductor (NASDAQ: NVTS) stock managed to defy bearish momentum impacting the broader market and close out Thursday's trading in the green. The artificial intelligence (AI) company's share price climbed 2.7% in the day but had been up as much as 10.8% earlier in the session. Meanwhile, the S 500 fell 0.7% on the day, and the Nasdaq Composite declined 0.5%.
While there wasn't any business-specific news pushing Navitas stock higher today, the company's valuation hot streak has continued. Its share price is now up more than 520% in 2025.
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Source Fool.com
