Core Viewpoint - Navitas Semiconductor has experienced a significant decline in stock performance following a downgrade in recommendation, reflecting a stark contrast to its previous high valuation and investor confidence [1][2]. Group 1: Stock Performance - Navitas's shares have dropped over 10% week to date as of Thursday evening, indicating a negative market reaction [1]. - The downgrade was initiated by CJS Securities, which changed its recommendation from "market outperform" to "market perform" without setting a price target [2]. Group 2: Financial Performance - The company reported a nearly 30% year-over-year revenue decline for the second quarter, which contributed to the negative sentiment among investors [4]. - Navitas incurred a net loss of $0.25 per share, which is double the loss reported in the same quarter of the previous year [4]. Group 3: Market Context - The recent downturn follows a period of optimism in May when Navitas announced a partnership with Nvidia to develop hardware solutions for AI-focused data centers [5].