Stock Track | Navitas Semiconductor Plunges 7.23% in 24-Hour Period as Profit-Taking Follows NVIDIA Partnership Rally

Stock Track

06/04

Navitas Semiconductor Corp (NVTS) experienced a 24-hour plunge of 7.23%, with a sharp reversal in the post-market session erasing earlier gains.

The stock had surged significantly during the intraday trading session after the company announced a major collaboration with NVIDIA's MGX ecosystem to accelerate 800 VDC AI infrastructure, which boosted investor sentiment.

However, the rapid appreciation triggered substantial profit-taking in the extended trading hours, leading to the overall decline as traders locked in gains following the stock's powerful rally on the partnership news.

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