Navitas Semiconductor (NVTS) Surges 24.7%: Is This an Indication of Further Gains?

Group 1: Navitas Semiconductor Corporation (NVTS) - Navitas Semiconductor shares increased by 24.7% to $8.47 in the last trading session, following a higher-than-average trading volume, contrasting with a 3.1% loss over the past four weeks [1] - The company is leveraging its GaN and silicon carbide technologies to drive advancements in AI data centers, electric vehicles (EVs), solar microinverters, and energy storage systems [1] - The consensus EPS estimate for the upcoming quarterly report is a loss of $0.05 per share, reflecting a year-over-year change of +28.6%, while revenues are expected to be $14.52 million, down 29.1% from the previous year [2] Group 2: Industry Context - Navitas Semiconductor holds a Zacks Rank of 3 (Hold), indicating a neutral outlook, while another company in the same industry, Cirrus Logic (CRUS), also has a Zacks Rank of 3 [3] - Cirrus Logic's consensus EPS estimate remains unchanged at $1.07, representing a year-over-year change of -4.5% [4]