Why Navitas Semiconductor Stock Flew 15% Today
Shares of Irish semiconductor stock Navitas Semiconductor Corporation (NASDAQ: NVTS) soared in early trading Monday, rising 15.3% through 10 a.m. EST after investment bank Jefferies initiated coverage of the stock with a buy rating.
Navitas manufactures gallium nitride integrated circuits used to fast-charge smartphones, laptops, and similar electronic devices.
Source Fool.com