Navitas Semiconductor (NVTS) shares finished the week lower despite a significant mid-week rally.
The stock initially climbed after Nvidia featured Navitas technology at the Computex 2026 conference. Nvidia showcased the Navitas 800V DC-DC power delivery board for its AI Factory MGX platform. This collaboration signaled a potential expansion for Navitas into the lucrative AI data center market.
Friday's strong U.S. jobs report sparked widespread fears of Federal Reserve interest rate hikes. The resulting growth stock sell-off erased Navitas's earlier gains by the weekly close.