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Barchart
Barchart
Wajeeh Khan

Investors Are Betting on a Major Short Squeeze in Navitas Semiconductor Stock

Navitas Semiconductor Semiconductor NVTS AI

Navitas Semiconductor (NVTS) shares ripped higher on April 21 amid heightened retail enthusiasm for artificial intelligence (AI) infrastructure. 

As the rally forced short sellers to cover their positions, NVTS saw its relative strength index (RSI) climb into the early 80s, indicating potential for a near-term breather. 

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