Navitas Semiconductor Shares Rally 6% Despite Valuation Concerns
NVTS gains 6% intraday but trades 34% below its May peak, with hyperscaler revenue delayed until 2027 and legal risks looming. Navitas Semiconductor (NASDAQ:NVTS) climbed 6% on August 3, closing at $11.52 after opening at $10.52. The gain follows a 34% decline over the pas