Navitas Semiconductor pops on results, Craig Hallum upgrade

What happened: Navitas Semiconductor ($NVTS) reported third-quarter results and guidance, and Craig Hallum upgraded the stock to Buy from Hold. Key numbers: GAAP EPS of -$0.14 missed by $0.05; revenue of $13.99M beat by $0.49M; shares rose 10% in premarket trading; Q4 revenue guided to $16.0M; $8B TAM in 2030. Why it matters: Analyst Richard Shannon cited design win and backlog progress, AI infrastructure spending, and potential upside from the Claros acquisition, and raised sales estimates on confidence in AI infrastructure revenues. Market: +7.9% today ($8.56), +2.1% YTD, 1.4x vol — as of 12:15 UTC Coverage: 3 outlets in 24h

Navitas Semiconductor ($NVTS) reported third-quarter results and guidance, and Craig Hallum upgraded the stock to Buy from Hold.

Analyst Richard Shannon cited design win and backlog progress, AI infrastructure spending, and potential upside from the Claros acquisition, and raised sales estimates on confidence in AI infrastructure revenues. Market: +7.9% today ($8.56), +2.1% YTD, 1.4x vol — as of 12:15 UTC