Navitas Semiconductor drops 15% as GaN and SiC demand outlook dims
As seen on the 24/7 Wall St. homepage on June 24, 2026.
GaN and SiC power semiconductor demand concerns hit the stock as investors reassess datacenter and EV growth expectations.
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Navitas Semiconductor fell 15.13% during regular trading hours on June 24, 2026, sliding from an open of $21.02 to $17.84 as investors reconsidered the near-term growth trajectory for gallium nitride and silicon carbide power semiconductors. The sell-off reflects a broader reassessment of two of the most important demand drivers the company relies on: datacenter buildout and electric vehicle adoption.
GaN and SiC chips sit at the heart of next-generation power conversion, and Navitas has positioned itself squarely in both markets. When expectations for datacenter expansion or EV sales growth soften, even modestly, companies whose revenue is concentrated in those end markets tend to see outsized moves in their share price, as the market rapidly reprices future earnings potential.
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For investors watching NVTS, the key question going forward is whether today's concern reflects a temporary reset in sentiment or a more lasting shift in how quickly datacenter operators and automakers will absorb advanced power semiconductors. The magnitude of the single-session decline suggests the market is treating this as more than routine noise.
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Mentioned: NVTS