On June 4, Navitas Semiconductor declined 7.23% overnight, trading at 28.83 USD/share, with trading volume of $11,200. The stock continued to face selling pressure following a surge of over 20% in the prior regular session.

On the news front, Navitas Semiconductor was selected as an official partner in NVIDIA's MGX ecosystem 800V DC power architecture, a key endorsement for the GaN power semiconductor leader to enter next-generation AI data center power infrastructure. However, after the sharp single-day rally, profit-taking intensified as investors moved to lock in gains. The overnight session extended the sell-off that began in after-hours trading.

Additional headwinds remain unresolved, including recent large-scale director share sales, a widening per-share loss in Q1 despite revenue beating expectations, declining gross margins, and dilution concerns from a planned stock issuance. These factors amplified bearish-bullish divergence following the rapid ascent, triggering concentrated profit realization in the overnight session.

Within the Semiconductors sector, Broadcom fell 13.43%, Marvell Technology fell 5.32%, Advanced Micro Devices fell 2.77%, Micron Technology fell 2.75%, and NVIDIA was flat at 0.02%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)