Navitas Semiconductor Corp's stock soared 8.26% in pre-market trading, extending its recent strong momentum in the market.

The rally is attributed to continued policy tailwinds favoring the third-generation semiconductor sector. As the world's only publicly listed company purely focused on third-generation semiconductor power devices, including Gallium Nitride (GaN) and Silicon Carbide (SiC), Navitas is a direct beneficiary of these supportive policy developments.

The stock has experienced sustained gains in recent sessions, with significant trading volume indicating heightened market interest in the third-generation semiconductor space amid the favorable policy environment.