Why Navitas Semiconductor Is Skyrocketing Today (Hint: Nvidia Has a New Partner)

Shares of Navitas Semiconductor (NVTS 166.49%) are skyrocketing on Thursday. The company's stock soared an incredible 156% as of 1:57 p.m. ET, and as much as 161.8% earlier in the day's trading. The remarkable gain comes as the S&P 500 (^GSPC 0.45%) gained 0.2% and the Nasdaq Composite (^IXIC 0.87%) jumped 0.6%.The semiconductor company announced a new partnership with artificial intelligence (AI) chip giant Nvidia after the market closed yesterday.A massive partnershipNavitas announced Wednesday that Nvid ...