Reported about 1 month ago
Point72, led by billionaire investor Steven A. Cohen, has been aggressively acquiring shares in Navitas Semiconductor, a company specializing in gallium nitride power integrated circuits, since early 2023. Despite financial struggles and a stock price of just $3.02, Navitas is positioned in a rapidly growing market with potential applications in consumer electronics, data centers, and future robotics. However, investors should weigh the risks associated with its financial health against its growth potential before considering an investment.
Source: YAHOO