Why Is Navitas Semiconductor Stock Skyrocketing Today?

Key Points Navitas provided an update on its efforts to develop next-gen power technology for Nvidia. The company's power semiconductors use alternatives to silicon, making them highly efficient. 10 stocks we like better than Navitas Semiconductor › Shares of Navitas Semiconductor (NASDAQ: NVTS) are soaring on Tuesday, up 27.7% as of 2:57 p.m. ET. The jump comes as the S&P 500 gained 0.2% and the Nasdaq Composite lost 0.3%. The company, which develops semiconductors using the alternative materials ...