Navitas Semiconductor shares surge 20.75% intraday as company refocuses on high-margin AI and EV power growth, deepening ties with Nvidia.

Navitas Semiconductor Corporation (NVTS) surged 20.75% intraday trading as its RSI indicator entered oversold territory, a technical signal often prompting bargain-hunting activity. Active put options around $8 suggested bearish sentiment, but the stock’s sharp rebound aligned with oversold conditions typically associated with short-term buying interest. The second news event, referencing a Yahoo Finance error, was unrelated. While technical indicators can drive volatility, the absence of fundamental news left the move primarily attributable to algorithmic or speculative trading around the oversold RSI level.