Navitas (NVTS) Stock Skyrockets on NVIDIA AI Chip News — Record Rally Sparks Bull-Bear Debate
NVTS Stock Rally and Recent Performance Navitas’s stock has exploded higher in mid-October. On Oct. 13 (Monday), NVTS jumped ~17–21% intraday after markets when the company announced new GaN/SiC power devices for NVIDIA’s next-gen data centers ts2.tech finviz.com. The rally accelerated each day: by Oct. 16 NVTS closed at $15.63, its highest ever, following five straight gains ts2.tech ts2.tech. Overall, Navitas shares nearly doubled in one week, climbing from roughly $8 to $15+ ts2.tech. Even on Oct. 17 the stock remained elevated (closing $14.66, down 6.2% for the day) stockanalysis.com. Daily/weekly trend: This October run is far above the stock’s