Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Navitas Semiconductor Stock Gained Today

TheMotleyFool

0 0

Why Navitas Semiconductor Stock Gained Today: https://g.foolcdn.com/editorial/images/838416/gettyimages-2148797906.jpg

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.

Image source: Getty Images.

Source Fool.com