Navitas Semiconductor is trading 4.48% up now at $11.65 after August CPI matched expectations, easing immediate concerns about additional inflation pressure.
- The S&P 500, Dow Jones, and Nasdaq all advanced.
- The move reflects a broad market relief rally rather than a company-specific catalyst.
- Semiconductor-sector weakness remains a counterforce, with SOXX down 2.63% during regular trading.