◆ NeutralNVTS

Why Navitas Stock Plummeted Today

The Motley Fool·
Why Navitas Stock Plummeted Today

Navitas Semiconductor stock fell 18.2% on Friday following a broader market sell-off triggered by stronger-than-expected May jobs data. The robust employment numbers (172,000 jobs added vs. 80,000 forecast) raised investor concerns that the Federal Reserve will pursue interest rate hikes to combat accelerating inflation, pressuring growth-dependent AI stocks like Navitas.

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