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Stock impact report

Why Navitas Soared 20% Today [Yahoo! Finance]

Navitas Semiconductor Corporation (NVTS) 
Company Research Source: Yahoo! Finance
Navitas is a small-cap chip designer that specializes in power-efficient designs for electric vehicles, electric infrastructure, and artificial intelligence (AI) data centers. Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » With the severe slowdown in EV and electrical infrastructure spending this year, Navitas' stock had been hurt. However, some new product announcements on Thursday caused shares to bounce back big. On Thursday, Navitas put out a press release listing all the new chipsets it would debut at the Consumer Electronics Show (CES) that takes place in Las Vegas every January. CES is a big industry event where virtually all tech companies show off their latest and greatest gadgets. The list of new Navitas products includes various chipsets made of gallium nitride (GaN) and silicon carbide (SiC), which are novel materials with high conductivity and heat dissipation qualities. Thus, t Show less Read more
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