Navitas Semiconductor Corp is trading at $26.16 (11% up) in pre-market sessions, tracking a broader risk-on rally in U.S. equity futures and technology shares.
- The stock is extending a two-day recovery after facing sharp losses earlier in June, despite no new company-specific headlines.
- Investor sentiment has improved significantly following a tentative U.S.–Iran peace deal, which has helped ease global energy and interest rate concerns.
- The move reflects a wider pivot back into semiconductor and growth stocks as macro pressures subside.