🟢 Navitas Semiconductor is trading 5.84% up today after Q2 earnings beat and 28% sequential growth guidance for Q3

Navitas Semiconductor is trading at $10.60 (+5.84%) after reporting second-quarter results that exceeded analyst estimates and providing a robust outlook for the next quarter.

• Management has guided for 28% sequential growth in Q3, providing a clear positive catalyst for investors.
• The stock's rebound follows a period of significant volatility, including a 12.27% drop on July 28, suggesting a strong market reaction to the earnings update.
• The upward move is particularly notable as it occurs against a generally weak backdrop for the broader semiconductor industry.