Navitas Semiconductor Corp's stock soared 12.95% intraday on Tuesday, extending a period of strong performance for the company.

The significant surge is attributed to continued policy tailwinds favoring the third-generation semiconductor sector. Recent policy developments have explicitly called for supporting the research, development, and application of third-generation semiconductor power devices, such as Gallium Nitride (GaN) and Silicon Carbide (SiC). As the world's only publicly listed company purely focused on these advanced power devices, Navitas Semiconductor is positioned as a direct beneficiary of this supportive regulatory environment.

The stock has experienced sustained gains in recent trading sessions, accompanied by heightened trading volume, reflecting increased market interest in the third-generation semiconductor space driven by these favorable policy catalysts.