Navitas Semiconductor shares closed at $21.32 on May 15, 2026.
The stock fell 4.48% during the regular trading session.
After-hours trading indicated a further price decline to $20.94.
This volatility follows a significant climb from $15.79 on May 7.
Shares surged 24.45% on May 11 amid heavy investor repositioning.
The stock subsequently dropped 15.01% on May 12 as momentum slowed.
QuiverQuant and GuruFocus tied the earlier gains to AI-related power infrastructure demand.
Profit-taking intensified following the company's Q1 earnings report on May 5, 2026.
The May 15 decline reflects a broader semiconductor sector pullback rather than fresh company news.