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Navitas Semiconductor (NVTS) stock price rose over 6% to $11.52 on Monday, but is still down over 24% within the month.
Shares of semiconductor company Navitas Semiconductor (NVTS) rose over 6% on Monday (August 3), closing at $11.52. Despite the rebound, the stock is still down over 24% in the past month and remains well below its May high of $15.74. Analysts point out that the company's CEO, Chris Allexandre, confirmed that hyperscale data center revenue growth will not materialize until 2027. Additionally, the company is facing a patent infringement lawsuit filed by Wolfspeed on July 28, which has increased its legal risks and valuation pressure.
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