Navitas Semiconductor Stock Price Today: NVTS Closes Higher After AI Power Push, CFO Hire
Navitas Semiconductor shares closed up 1.2% at $10.10 Friday, capping a volatile week after a March 11 silicon carbide product launch. The company reported fourth-quarter revenue down 59% year-over-year to $7.3 million and named Tonya Stevens as CFO, effective March 30. Navitas warned that design wins are not orders, posting a $41.4 million quarterly operating loss. Rosenblatt reiterated a neutral rating and $7 price target.