🟢 Navitas Semiconductor is trading 6.2% up in pre-market after Q3 revenue growth and upbeat Q4 guidance

Navitas Semiconductor is trading at $9.09, up +6.19% pre-market after Q3 growth and Q4 guidance.

• The November 3 report showed Q3 revenue of $14.0 million, up 33% sequentially and 38% year over year; high-power revenue climbed more than 50% sequentially.
• Q4 revenue guidance is $16.0 million ± $0.5 million; AI infrastructure is expected to exceed 40% of revenue by year-end.
• Semiconductor-sector strength may support the move; SOXX was up 2.74% pre-market per the supplied context.