Why Navitas Semiconductor Skyrocketed Yet Again Today
Navitas Semiconductor (NVTS) The Motley Fool·2025-05-27 17:56It's all about a deal with Nvidia.Shares of Navitas Semiconductor (NVTS 48.07%) skyrocketed as much as 70.7% on Tuesday, before settling down to a 40.9% gain as of 1:22 p.m. ET.The massive gain comes on the heels of last Wednesday's near-200% gain after hours, after the company announced a potentially game-changing deal with Nvidia (NVDA 2.88%).Today, Navitas announced it would be following up that bit of good news with an equity sale, which aims to raise $50 million at much higher prices. While an equity r ...