Why Navitas Semiconductor Stock Is Skyrocketing Today
Source: Motley Fool
2026-06-03 13:55:35 ET
Navitas Semiconductor (NASDAQ: NVTS) stock is posting big gains in Wednesday's trading despite bearish pressures for the broader market. The company's share price was up 22.5% as of 1:30 p.m. ET despite the S&P 500 being down 0.7% and the Nasdaq Composite being down 0.5%.
While rising oil costs and bond yields are weighing on the broader market today, Navitas's valuation is surging thanks to news that the company's tech is being featured by Nvidia at events in Taipei, Taiwan. Navitas stock is now up 346% year to date as of this writing.
Image source: Getty Images.
NVIDIA Corporation
NASDAQ: NVDA
NVDA Trading
-4.28% G/L:
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91,673,002 Volume:
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NVDA Stock Data
$4,603,447,890,000
23,286,690,000
0.02%
3432
N/A
Semiconductors and Equipment
Technology
US
Santa Clara
