🔴 Navitas Semiconductor is trading 9.2% down today amid chip-sector pressure after Intel's weak outlook

Navitas Semiconductor is trading 9.18% down at $8.35, with the decline appearing tied to broad chip-sector pressure.

• Reuters reported Intel plunged after issuing a weak outlook; other semiconductor stocks fell amid concerns about PC demand and AI infrastructure spending.
• SOXX was down 10.40% during the regular session.
• No clear company-specific catalyst was identified for October 30.