AITheStreetabout 3 hours ago
Navitas stock surges above analyst target
5 min read
Navitas Semiconductor Corp stock closed at $25 on June 5 after trading above Wall Street's target price of $18. The surge follows investor excitement over Navitas' role in Nvidia's AI data center chip plans. Analysts cited supply chain positioning and demand for power-efficient chips. The price gap reflects market confidence exceeding institutional forecasts.
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