Where Will Navitas Semiconductor Stock Be in 3 Years?

Navitas Semiconductor (NASDAQ: NVTS), a producer of gallium nitride (GaN) and silicon carbide (SiC) chips, took its investors on a wild ride after it went public by merging with a special purpose acquisition company (SPAC) on Oct. 21, 2021. Its stock opened at $13, soared to a record high of $22.19 a month later, but sank to an all-time low of $1.52 on April 4, 2025. Like many other SPAC-backed start-ups, Navitas disappointed its investors by missing its own growth forecasts and racking up steep losses.Today, Navitas' stock trades just above $7 a share. It bounced back as its new AI data center partnership with Nvidia (NASDAQ: NVDA) attracted a stampede of bulls and squeezed out the bears. But could Navitas' stock generate even bigger gains and set fresh highs over the next three years?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool