Craig-Hallum notes Navitas (NVTS) announced it is making progress on its 800V architecture supporting Nvidia (NVDA) rack scale systems. The firm says Navitas’ PR on Monday after the close was mostly a repeat of the same PR made in May 2025, before which the stock was at about $2.00. Craig-Hallum adds that the stock exceeding $12 in the premarket this am without any tangible design wins yet suggests the stock is “getting ahead of itself.” The firm has a Hold rating on Navitas’ shares.
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