Navitas Semiconductor Corp

Navitas Semiconductor shares advanced following the launch of new silicon carbide products targeting AI infrastructure and the appointment of a new CFO. The company reported a significant quarterly revenue drop and an operating loss.

Navitas Semiconductor shares declined 6.5% on Thursday, partially reversing a prior surge, following the launch of new AI power chips and the appointment of a new CFO. The company reported a significant revenue drop for 2025.

Navitas Semiconductor shares gave back recent gains, falling 7% to $10.06 after a 24.9% surge. The volatility followed announcements of a new AI data-center chip package and the appointment of Tonya Stevens as CFO.

Navitas Semiconductor shares stabilized in premarket trading after a sharp 20% rally, driven by an upbeat first-quarter revenue forecast and the announcement of its CFO's upcoming departure.