Navitas Soars 78% on NVIDIA Update: Is This Rally Sustainable?

Navitas Semiconductor TodayNVTSNavitas Semiconductor$17.10 +2.44 (+16.64%) 52-Week Range$1.52▼$17.79Price Target$6.32Add to WatchlistNavitas Semiconductor NASDAQ: NVTS has been one of the hottest stocks in the market thanks to its newly established relationship with NVIDIA NASDAQ: NVDA. Navitas’s “NVIDIA bump” has been absolutely staggering, with shares up almost 750% in the past six months. Back in May, NVIDIA included Navitas on a list of suppliers that it would use to reshape power utilization in data c ...