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Navitas Semiconductor Surges to 162nd in Trading Volume with 5.63 Billion Shares Exchanged
Generated by AI AgentAinvest Volume Radar
Tuesday, Jun 3, 2025 8:15 pm ET1min read
On June 3, 2025,
Semiconductor (NVTS) experienced a significant surge in trading volume, reaching 5.63 billion, an 82.78% increase from the previous day. This surge placed Navitas at the 162nd position in terms of trading volume for the day. The stock price of Navitas also rose by 7.61%, marking its second consecutive day of gains, with a total increase of 16.47% over the past two days.Navitas Semiconductor recently experienced its largest single-day percentage increase on May 22, surging by a substantial margin. This surge was attributed to a significant boost from Nvidia, which has been a key driver in the company's recent performance. CEO Gene Sheridan, speaking at a tech conference, highlighted the positive impact of this collaboration on Navitas' stock performance.
Navitas Semiconductor's stock has been on an upward trajectory, with shares charging higher just weeks after a notable boost from Nvidia. This recent performance has been driven by the company's strategic partnerships and technological advancements, which have positioned it favorably in the semiconductor market.
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