<div id="readability-page-1"><p><img width="1672" height="941" src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/ChatGPT-Image-Apr-21-2026-09_32_20-PM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/ChatGPT-Image-Apr-21-2026-09_32_20-PM.png"/></p><p>Navitas Semiconductor (NASDAQ: NVTS) is pushing meaningfully higher on April 21<sup>st</sup> amidst a convergence of strategic “Navitas 2.0” milestones and heightened retail enthusiasm for artificial intelligence (AI) infrastructure.</p><p>The upward momentum drove NVTS’s relative strength index (RSI) into the early 80s – indicating “overbought” conditions that often precede a meaningful pullback.</p><p>Including today’s surge, Navitas Semiconductor's stock has more than doubled in April.</p><h2>AI power catalyst continues to drive Navitas stock higher</h2><p>NVTS shares have been in a strong uptrend primarily because of investor conviction that the firm’s gallium nitride (GaN) and silicon carbide (SiC) tech is essential for AI data centers.</p><p>As artificial intelligence workloads scale, traditional silicon chips struggle with power efficiency.</p><p>Navitas recently demonstrated a new 800V-to-6V DC-DC power delivery board designed for next-gen AI server racks (like those used for Nvidia’s newest architectures).</p><p>This has repositioned the company as a critical “pick-and-shovel” play in the global AI buildout.</p><h2>High-power market pivot is sitting well with investors</h2><p>Investors are reacting to recent data showing that high-power end markets (AI, grid infrastructure, and industrial) now make up more than half of NVTS’s total revenue.</p><p>This shift away from lower-margin mobile charging (now under 25%) suggests the Nasdaq-listed firm is successfully pivoting to more lucrative, high-growth industrial sectors.</p><p>Moreover, the market is still digesting the recent appointment of Gregory M. Fischer as a director.</p><p>As a 40-year industry veteran and former SVP at Broadcom Inc, his addition is viewed as a major endorsement of Navitas’ ability to execute its “high-power strategy” and scale operations to meet enterprise demand.</p><h2>NVTS shares rip higher on a technical squeeze</h2><p>With short interest estimated at 25% of the float, today’s rapid ascent likely triggered a short squeeze as well.</p><p>As Navitas Semiconductor shares gapped up and broke above previous resistance levels, short sellers were forced to cover their positions – further accelerating the upward momentum on Tuesday.</p><p>Note that the recent surge in NVTS arrives only weeks before the company is scheduled to report its Q1 earnings. Consensus is for it to lose 6 cents on a per-share basis, which would mean a 40% improvement over last year.</p><p>Traders appear to be positioning themselves ahead of the quarterly release – betting on a “positive update” on the firm’s $3.5 billion addressable market roadmap for 2030.</p><h2>How to play Navitas Semiconductor at current levels?</h2><p>Beyond the aforementioned fundamental and technical drivers, options pricing remains skewed to the upside as well.</p><p>According to Barchart, the put-to-call ratio on contracts expiring mid-September sits at 0.23 only, indicating bullish sentiment continues to dominate the derivatives market.</p><p>And the upper price of over $23 on those contracts signals potential for a more than 45% rally in NVTS stock within the next five months.  </p><p>The post Navitas Semiconductor stock is now 'overbought': but should you sell? appeared first on Invezz</p></div>

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<p>Navitas Semiconductor (NASDAQ: NVTS) has seen its stock surge significantly in April, driven by strategic milestones and enthusiasm for AI infrastructure. The stock's relative strength index (RSI) indicates 'overbought' conditions, suggesting a potential pullback. The company is pivoting towards high-power markets, with over half of its revenue now from AI and industrial sectors. Recent leadership changes and a potential short squeeze have further fueled the stock's rise. Investors are optimistic ahead of the upcoming Q1 earnings report, with bullish sentiment reflected in options pricing.</p>