Why Navitas Semiconductor Stock Gained Today

Navitas Semiconductor (NASDAQ: NVTS) stock managed to defy bearish momentum impacting the broader market and close out Thursday's trading in the green. The artificial intelligence (AI) company's share price climbed 2.7% in the day but had been up as much as 10.8% earlier in the session. Meanwhile, the S&P 500 fell 0.7% on the day, and the Nasdaq Composite declined 0.5%.While there wasn't any business-specific news pushing Navitas stock higher today, the company's valuation hot streak has continued. Its share price is now up more than 520% in 2025.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool