Navitas Semiconductor Stock Price Today: NVTS Closes Higher After AI Power Push, CFO Hire
Navitas Semiconductor ended Friday at $10.10, up 1.2%, sticking close to highs set during this week’s volatile run. The Nasdaq power-chip maker spiked 24.88% Wednesday, dropped 7.93% Thursday, and landed at $10.04 in after-hours action Friday. Traders are pressing to see if Navitas can actually deliver on its AI and infrastructure product ambitions. Back in February, management flagged that higher-power markets finally made up the bulk of quarterly revenue. Still, fourth-quarter sales tumbled 59% year-on-year, landing at $7.3 million. For the first quarter, the company projected revenue between $8 million and $8.5 million and told investors to expect sequential growth all the way through 2026.