🔴 Navitas Semiconductor Corp is trading 4.2% down today after a director resignation and broader AI-chip selloff

Navitas Semiconductor Corp is trading at $19.65 (-4.2%) in after-hours trading following a board director’s resignation and a broader risk-off shift in semiconductor stocks.

• The stock had already dropped 10.3% during the regular session to $20.50 as investors engaged in profit-taking following a recent AI-led rally.
• Market participants are increasingly questioning high levels of AI infrastructure spending, leading to a selloff in high-beta chip plays and major technology indices.
• The move reflects a general retreat from the sector as investors trim exposure to semiconductor names amid shifting sentiment.