TLDR
- Navitas Semiconductor (NVTS) rose 5.3% on Friday, outpacing the S&P 500 (+0.5%) and Nasdaq (+0.6%)
- The stock is now up 227.5% year-to-date in 2026
- SpaceX’s IPO debut — closing up 19.2% — helped lift sentiment across growth tech stocks
- Options activity shows bullish positioning, with calls leading and elevated implied volatility
- SpaceX’s AI infrastructure push could drive future demand for Navitas products
Navitas Semiconductor (NVTS) gained 5.3% on Friday, closing well ahead of the broader market. The S&P 500 finished the day up 0.5%, while the Nasdaq Composite added 0.6%.
Navitas Semiconductor Corporation, NVTS
The stock has now surged 227.5% year-to-date, making it one of the standout performers in the market so far in 2026.
Friday’s session was broadly positive, with two big macro themes driving the mood: hopes for a resolution to the Iran conflict and the high-profile IPO of SpaceX.
SpaceX priced its IPO at a $1.77 trillion valuation — a record-setting debut that generated both excitement and nerves heading into the open.
The space and tech company closed its first day of trading up 19.2%, clearing a key psychological hurdle for growth-dependent tech stocks.
Some investors had watched the SpaceX debut as a test of how the market feels about sky-high valuations for growth names. A strong first day answered that question, at least for now.
That optimism rippled through to stocks like Navitas, which sits firmly in the high-growth tech camp.
Options Activity Points to Bullish Positioning
Behind the price move, options traders were active. Call options led the flow, and the put-call skew shifted toward bullishness between sessions.
Implied volatility remains elevated, which tells you traders are expecting more movement — not less.
That’s a common setup in stocks making sharp runs. Investors are willing to pay up for upside exposure, but they’re also buying downside protection, a sign the market is taking the move seriously rather than chasing it blindly.
The technical sentiment signal for NVTS is rated a buy, and the average daily trading volume sits at nearly 33 million — so this isn’t a low-liquidity name being pushed around easily.
SpaceX’s AI Ambitions Could Matter for Navitas
While SpaceX is known for rockets and Starlink, the company has made artificial intelligence a central part of its growth strategy.
SpaceX is moving to build out AI compute infrastructure, and that’s where Navitas could come in. The company makes power semiconductors used in high-efficiency power conversion — the kind of components needed in data centers and AI hardware.
If SpaceX spends aggressively to scale its AI infrastructure, Navitas could see demand benefits down the line.
The week itself was volatile. CPI data and Iran war developments caused sharp swings before Friday’s calmer, greener session.
Navitas currently carries a market cap of $5.19 billion, with a year-to-date price performance of 211% as measured separately by TipRanks data.
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