Navitas (NVTS) Stock Skyrockets on NVIDIA AI Chip News — Record Rally Sparks Bull-Bear Debate
Navitas shares surged to a record $15.63 on Oct. 16 after unveiling new GaN/SiC chips for Nvidia’s AI data centers, nearly doubling in a week and rising over 330% year-to-date. Trading volume spiked, but short interest remains high and analysts’ price targets average $5–8, far below current levels.