Navitas Semiconductor shares fell despite meeting Q2 estimates, as investors focus on its AI infrastructure sales target for year-end.
Navitas Semiconductor (NVTS) shares declined 11.92% to $10.05 on Tuesday, erasing early gains despite a second-quarter loss of $0.04 per share, which matched Wall Street expectations. Revenue figures remained stable, but the stock struggled to hold momentum.
The company had previously guided for one-third of its sales to come from AI infrastructure by the end of the year, a target reiterated in the latest results. Analysts had anticipated the quarterly performance, though prior periods showed similar revenue trends without a corresponding stock boost.
Market reaction suggested investor caution, with traders weighing the AI growth narrative against broader semiconductor sector volatility.