Navitas Stock Slides 17% as AI Power-Chip Rally Runs Into Earnings Test
Navitas Semiconductor shares dropped 17% Tuesday, trading at $15.11 after hitting $14.84, with volume above 26 million shares. Short interest reached 43.48 million shares, or 25% of float, while options activity spiked. Analysts expect a Q1 loss of 5 cents per share on $8.18 million revenue. Other power chip stocks, including Power Integrations and Wolfspeed, also fell sharply.