🟢 Navitas Semiconductor Corp is trading 5.5% up today on a technical rebound after a sharp two-day sell-off

Navitas Semiconductor Corp is trading 5.5% up at $21.62 in pre-market action, staging a technical rebound after a sharp two-day slide and recent volatility across AI-chip stocks.

• The move follows a 10.3% drop to $20.50 on June 10, driven by broader sector pressure and AI-related instability.
• Traders attribute the current strength to a technical bounce alongside firmer index futures.
• The stock is attempting to stabilize after significant selling pressure earlier in the week.