On July 9, Navitas Semiconductor rose 8.01% in regular trading, trading at $14.06/share with turnover of $73.87 million. The stock rebounded sharply following a roughly 9% decline in the prior session triggered by a patent infringement lawsuit filed by Wolfspeed.

On July 8, Wolfspeed announced it had filed suit against Navitas in the US District Court for the District of Delaware, alleging that a broad range of Navitas products infringe multiple Wolfspeed patents. The accused products include GaN-based FETs such as the GaNFast, GaNSlim, and GaNSafe product families, along with GeneSiC MOSFETs and SiCPAK modules—covering Navitas's core business lines. The broader semiconductor sector also provided tailwinds on July 9, with Micron Technology up 6.65%, Advanced Micro Devices up 6.19%, and Intel up 2.72%.

(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.)