AVGO
NVTS
New face at the board table
Navitas Semiconductor didn’t exactly wake up to a peaceful Friday. The stock gave back some ground in premarket trading after ripping more than 20% in the prior session, which is classic “everyone who wanted in finally got in” behavior.
The Gregory Fischer factor
Earlier this week, Navitas said it appointed Gregory Fischer to its board of directors. He’s got more than four decades of industry experience, including time as senior vice president at Broadcom. That’s the kind of resume that tends to make investors perk up, especially when a company is trying to look more credible in the high-power, AI-adjacent semiconductor lane.
Momentum is doing the heavy lifting
Here’s the catch: the stock has been on a wild run. It’s trading well above its short- and medium-term averages, and that RSI reading near 72 is basically the chart equivalent of saying, “maybe take a breath.” Short interest also dipped a bit, which can help explain why the stock’s been so jumpy.
Big picture
Navitas is still selling a growth story tied to GaN power chips, AI infrastructure, and electrification — all the buzzwords investors love until the price gets a little too hot. The board move may be a positive signal, but right now the market seems more focused on whether NVTS can keep the rally from turning into a rubber-band snapback.