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Why Navitas Semiconductor Stock Was Sinking This Week
The Motley Foolยท 2025-08-22 00:09
It's a bit hard to imagine that this was a white-hot company only a few short months ago. Specialty chipmaker Navitas Semiconductor (NVTS -0.64%) was looking anything but special over the past few trading days. The company was the subject of a recommendation downgrade, which pushed the stock well down in price and kept it there. As of Thursday evening, Navitas's shares were down by over 10% week to date, according to data compiled by S&P Global Market Intelligence. Memories of a hot deal fading The resultin ...