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Stock impact report

Is Navitas Semiconductor Stock a Buy? [Yahoo! Finance]

Navitas Semiconductor Corporation (NVTS) 
Company Research Source: Yahoo! Finance
But it needs to overcome a tough cyclical slowdown until those tailwinds kick in. 10 stocks we like better than Navitas Semiconductor › Navitas Semiconductor 's (NASDAQ: NVTS) stock has experienced significant fluctuations over the past year. In April, the chipmaker's stock hit a record low of $1.52 per share. That marked a decline of more than 90% from its record high of $20.16 in November 2021. Yet Navitas' stock currently trades at around $9. Most of that rally was driven by its new data center deal with Nvidia (NASDAQ: NVDA) this May, but is its stock still worth buying right now? Navitas develops gallium nitride (GaN) and silicon carbide (SiC) power chips, which both switch faster, consume less power, and are more resistant to higher temperatures and voltages than traditional silicon (Si) chips. Those strengths make them well-suited for electric vehicle (EV) power electronics, fast chargers, solar inverters, data center power supplies, and motor drives. GaN chips run a Show less Read more
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