🟢 Navitas Semiconductor is trading 6.3% up today as JPMorgan upgrade sparks sector rebound

Navitas Semiconductor is trading 6.3% up now at $12.18 as shares rebound alongside a strong move in chip stocks following last week’s sharp sector selloff.

• The SOXX semiconductor ETF is up nearly 3% after a JPMorgan upgrade to Overweight, driving bargain hunting across beaten-down AI and power semiconductor names.
• The recovery follows a period of heightened volatility for the company linked to specific legal and dilution concerns.