Nvts stock price saw intraday highs of $3

NVTS stock price saw intraday highs of $3.84 before profit-taking pulled it back. Traders cite strong forward earnings estimates as the reason for the rally. With automotive tech stocks outperforming the broader Nasdaq this week, NVTS may continue to benefit from sector-wide upward momentum. The demand for electric vehicles and renewable energy systems is expected to drive the semiconductor market's growth to $1 trillion by 2030, making investments in companies like Navitas essential to advancement. With more than 200 client projects and a number of design wins, Navitas Semiconductor Corporation (NASDAQ:NVTS) is expanding its presence in the A.I. data center and electric vehicle industries. Smart Portfolio is supported by our partner TipRanks. By connecting my portfolio to TipRanks Smart Portfolio I agree to their Terms of Use . NVTS stock price closed yesterday at $3.78, marking its third consecutive gain this week. Trading volume was 18% above its 30-day average, indicating growing investor interest. Bulls are expecting the next catalyst to be quarterly revenue growth, aligned with industry trends in automotive LIDAR adoption.