Navitas Semiconductor (NVTS) stock jumps in premarket after Needham Growth Conference update
Navitas Semiconductor shares rose about 13% to $10.19 in premarket trading after announcing CEO Chris Allexandre will speak at the Needham Growth Conference on Jan. 14. Investors are seeking updates on Navitas’ shift toward higher-power AI and grid markets. The stock closed at $9.04 Tuesday.