Navitas Semiconductor (NVTS) Drops 12.8% in a Single Session
As seen on the 24/7 Wall St. homepage on November 5, 2026.
A 12.8% drop to $7.655 from an $8.78 open wipes out a chunk of a $2.0 billion power-chip name in a single session, a swing far outside its normal daily range. Keep an eye on whether it holds this level into the close.
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Navitas Semiconductor settled near $7.655 after a full session of retreat, a move well outside the daily variation a $2.0 billion power-chip company typically sees.
The decline came as steady, grinding selling pressure through the mid-session lows rather than a single panic trade, with only a partial lift late in regular trading.
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For investors already holding the stock, the key question is whether $7.655 represents a floor or a resting point before further weakness. The stock failed to reclaim the $8 level for most of the afternoon, which now becomes a near-term resistance point to watch as trading continues.
Navitas competes in the gallium nitride and silicon carbide power semiconductor space, markets tied closely to EV adoption, fast charging, and data center power efficiency. A session loss of this size draws attention to the stock's sensitivity to shifts in sentiment around those end markets, even when no specific catalyst is stated in the available data.
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Mentioned: NVTS