🔴 Navitas Semiconductor Corp is trading 5.2% down today after a director resignation and a broader AI-chip sector selloff

Navitas Semiconductor Corp is trading at $19.44 (-5.16%) in after-hours trading following a director resignation and a broader selloff in the AI-chip sector.

• The stock extended its decline after falling 10.3% to $20.50 during the regular session, indicating that sellers remained in control after the market close.
• Broader market weakness is pressuring the semiconductor industry, with the S&P 500 down 2.12% and the Nasdaq Composite falling 2.43%.
• No additional company-specific catalysts have been identified beyond the board resignation and general sector volatility.