Navitas Semiconductor Corp. (NASDAQ:NVTS) surged by 17.37% on Friday to close at $8.38 per share, rebounding from a one-month low. The rally was driven by optimism in the artificial intelligence sector. Despite a strategic shift in focusing on higher power revenue and customers, the company reported a widened net loss of 2.5% to $19.2 million in Q3, with net revenues falling by 53% to $10 million year-on-year. While NVTS has potential as an investment, other AI stocks may offer higher returns. Investors seeking AI opportunities can explore our report on the best short-term AI stock.

Read more at Yahoo Finance: Navitas Semiconductor (NVTS) Jumps 17% After One-Month Low