Why Navitas Semiconductor Stock Plummeted This Week

Navitas Semiconductor stock fell 7.6% this week, reversing earlier gains driven by Nvidia featuring its 800 V-to-6 V DC-DC power delivery board at Computex 2026. The S&P 500 fell 2.6% and the Nasdaq declined 4.7% over the same period. The Bureau of Labor Statistics May jobs report showed 172,000 nonfarm payroll additions, more than double the 80,000 economists expected, triggering a sell-off in growth stocks.