On October 14, Navitas Semiconductor Corp fell 8.03% in Regular Trading, trading at $9.615 per share, with turnover of $75.2643 million.

The main near-term driver cited in public market updates was broad semiconductor weakness, which appeared to outweigh the company’s recently announced collaboration with NVIDIA on an 800V-to-12V power conversion board for next-generation AI infrastructure.

Background disclosures showed Navitas Semiconductor Corp said it was working with NVIDIA to develop an 800V-to-12V power conversion board and had introduced a 24 kW DC power board using GaNFast technology, aimed at AI data center HVDC power upgrades. However, peer moves were negative on the day, including Micron Technology down 1.61%, NVIDIA down 2.33%, Advanced Micro Devices down 3.95%, Intel down 2.73%, and Taiwan Semiconductor Manufacturing down 2.22%, indicating sector pressure was the more direct drag on the shares.

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