Specialty chipmaker Navitas Semiconductor (NASDAQ: NVTS) experienced a recommendation downgrade, causing a more than 10% decline in its stock price for the week. The downgrade came from CJS Securities, lowering the rating to market perform from market outperform. Second-quarter results showing a 30% revenue decline likely influenced the downgrade.

Navitas Semiconductor, previously riding high on a deal with Nvidia, saw a significant sell-off following the downgrade. The company had teamed up with Nvidia to develop hardware solutions for AI technology. Investors should consider the recent downturn in stock price and analyst recommendations before investing in Navitas Semiconductor. The Motley Fool’s Stock Advisor team has identified 10 other stocks for potential high returns.

For investors considering Navitas Semiconductor, it’s important to note that the company wasn’t among the 10 best stocks identified by The Motley Fool’s Stock Advisor team. The team’s recommendations have historically outperformed the market significantly. Investors should weigh their options before making any investment decisions.

Read more at Nasdaq: Why Navitas Semiconductor Stock Was Sinking This Week