Up 40%, Should You Buy NVTS Right Now?

Navitas Semiconductor (NASDAQ: NVTS) is off to a hot start this year. Shares of the specialty chipmaker have soared over 40% since just the beginning of January and are up nearly 200% in the past 12 months. The question for investors is whether the gain is mostly hype or is now the time to buy Navitas?

The stock's rise is mostly fueled by optimism and the fact that electrical infrastructure demands are far outpacing supply at the moment. This is the core momentum driving Navitas stock. Navitas is one of the few companies worldwide developing and selling both gallium nitride (GaN) and silicon carbide (SiC) power chips, setting it apart from its competitors.

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Source Fool.com