Navitas Semiconductor Corp's stock surged 9.50% intraday, marking a significant recovery for the semiconductor company.

The price movement represents a continuation of a technical oversold rebound that began after the stock reached recent lows. This rebound follows a period of selling pressure triggered by weak first-quarter earnings, which showed an EPS loss widening by 66.7% year-over-year and declining gross margins, coupled with the company's announcement of a planned $125 million stock offering that raised dilution concerns.

With these bearish catalysts now absorbed by the market, technical buying demand has emerged, driving the sustained recovery in Navitas Semiconductor's share price alongside broader strength in the semiconductor sector.