Navitas Semiconductor Corp is trading 6% up at $26.59 as it recovers from a sharp selloff, supported by renewed interest in its partnership with Nvidia and a broader tech rebound.
- Nvidia recently showcased the company’s 800V DC-DC power board for the AI Factory MGX platform at Computex 2026, fueling investor optimism regarding Navitas' role in AI infrastructure.
- The stock is bouncing back from an 18% drop on June 5, which was triggered by a wider market selloff following strong U.S. jobs data and heightened interest rate concerns.
- Positive momentum in pre-market futures suggests a recovery for growth and tech sectors after Friday’s volatility tied to hawkish macroeconomic signals.