Navitas Semiconductor Drops After $500 Million Share Sale Puts Nvidia AI Trade to Test
Navitas shares plunged 9% to $20.75 after unveiling a $500 million at-the-market stock-sale program, raising immediate dilution fears and overshadowing its AI power-chip narrative; director Ranbir Singh, who owned 8% of shares, also resigned without explanation, intensifying investor concerns over share supply and governance.