00:00One chip stock just crashed over 16% and no one's talking about it.
00:04Navitas Semiconductor just dropped to $6.76, down more than 16% this morning after spooking
00:11Wall Street with its Q3 forecasts.
00:13Even though they beat Q2 earnings and revenue, investors are dumping Navitas after the company
00:18issued weaker than expected Q3 sales guidance.
00:21The company opened at $6.28, hit a high at $7.28, and then tanked.
00:28This puts Navitas among today's biggest tech losers, right alongside of Inspire Medical
00:33and I-Corps.
00:34Are investors overreacting, or is this the start of a deeper pullback for small cap semis?
00:39Follow along to stay up to date.
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