Why Navitas Semiconductor Stock Plummeted This Week

Navitas Semiconductor stock fell 7.6% this week despite early gains from Nvidia featuring its power delivery technology at Computex 2026. The stock reversed sharply after the May jobs report showed stronger-than-expected employment growth (172,000 vs. 80,000 expected), raising concerns that the Federal Reserve may raise interest rates to combat inflation, which typically pressures growth stocks.