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Stock impact report

Why Navitas Semiconductor Stock Skyrocketed This Week [Globe and Mail, The (Toronto, Canada)]

Navitas Semiconductor Corporation (NVTS) 
The last week played host to strong rallies for some meme stocks and speculative chip plays. Investors are generally very bullish on semiconductor stocks right now. Navitas Semiconductor (NASDAQ: NVTS) stock posted massive gains this week. The chip company's share price rose 40.3% compared to its closing price at the end of the previous week. Navitas stock got a substantial lift from the bullish backdrop for the broader market, with the S&P 500 up 0.5% in the week and the Nasdaq Composite up 1.5%. While positive momentum for the market helps explain some of Navitas's gains this week, the stock's rally over the week still looks anomalous. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. It wasn't a big news week for Navitas Despite the explosive rally for the stock , there Show less Read more
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