Why Navitas Semiconductor Stock Skyrocketed This Week
Navitas Semiconductor (NASDAQ: NVTS) stock posted huge gains across the last week of trading. The company's share price surged 78.1% compared to its valuation level at the end of the previous week's market close.
Navitas published a press release on Oct. 13 announcing that it was providing new chips for Nvidia's next-generation artificial intelligence (AI) factory computing platform. With the benefit of the recent rally, the stock is now up roughly 311% year to date.
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Source Fool.com
