Why Navitas Semiconductor Stock Gained Today
How did Navitas manage to post gains in Thursday's bearish market?Navitas Semiconductor (NVTS 3.10%) stock managed to defy bearish momentum impacting the broader market and close out Thursday's trading in the green. The artificial intelligence (AI) company's share price climbed 2.7% in the day but had been up as much as 10.8% earlier in the session. Meanwhile, the S&P 500 fell 0.7% on the day, and the Nasdaq Composite declined 0.5%.While there wasn't any business-specific news pushing Navitas stock higher t ...