Why Navitas Semiconductor Shares Are Sliding On Friday?
Navitas Semiconductor shares fell as investors reacted to TSMC's earnings, with capex concerns and profit-taking weighing on semiconductor stocks despite strong quarterly results.
Navitas stock went down because people got worried about whether TSMC (a big chip-maker) will spend enough money to grow, even though their results were good. When investors get nervous about one company in an industry, they sometimes sell other companies in the same business too.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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