Why Navitas Semiconductor Stock Plummeted This Week

Why Navitas Semiconductor Stock Plummeted This Week Keith Noonan, The Motley Fool Sun, June 7, 2026 at 12:55 PM GMT+2 3 min read NVDA ^GSPC NVTS ^IXIC INTC Navitas (NASDAQ: NVTS) stock saw a substantial valuation pullback this week, with it share price falling 7. 6% across the stretch. Over the same period, the S&P 500 fell 2.

6%, and the Nasdaq Composite declined by 4. 7%. Navitas had actually been strongly in the green earlier in the week thanks to bullish momentum for semiconductor stocks and news that Nvidia was featuring its tech at a conference , but the stock saw a strong bearish reversal to close the week.

The Bureau of Labor Statistics (BLS) published its jobs report for May on Friday, and the print helped spur a huge sell-off for growth stocks. Will AI create the world's first trillionaire?  Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.

  Continue » Image source: Getty Images. Before falling, Navitas stock got a huge pop from Nvidia news Navitas stock skyrocketed on Wednesday following news that Nvidia was featuring the company's 800 V-to-6 V DC-DC power delivery board (PDB) at the Computex 2026 conference. The PDB board was showcased as part of Nvidia's AI Factory MGX platform, and Navitas's share price soared following news that the company's tech partnership was being highlighted.

On the other hand, the stock suffered big sell-offs later in the week and closed out the stretch solidly in the red. A strong jobs report has the market worried The Federal Reserve is tasked with shaping monetary policy that both promotes economic growth and keeps inflation under control, and setting benchmark interest rates is arguably the most important tool at its disposal. Lower interest rates help energize economic growth, while higher rates help curb inflation.

With the May jobs report published on Friday, the BLS estimated that 172,000 nonfarm payroll positions had been added last month -- more than double the 80,000 estimated job additions called for by surveyed economists. Strong jobs growth could cause the Fed to once again shift its priorities to curtailing inflation, which has been accelerating recently. If the Fed raises rates, it could curb investors' appetites for Navitas and other growth stocks and set the stage for further valuation contractions.

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The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy .