Jim Cramer on Navitas Semiconductor (NVTS): "That One's Done"

We recently published a list of Jim Cramer Had These 21 Stocks on His Radar. In this article, we are going to take a look at where Navitas Semiconductor Corporation (NASDAQ:NVTS) stands against other stocks that Jim Cramer discusses.

A caller inquired if they should take a modest profit or buy more Navitas Semiconductor Corporation (NASDAQ:NVTS). This is what Cramer had to say in response:

“No, that one’s done. That one’s done. I mean, look, it’s terrific what happened, but you just had a gigantic gain. It’s almost like a takeover. I say take your money out that you put in, and then you can let the rest ride. Play with the house’s money.”

Navitas Semiconductor (NASDAQ:NVTS) designs and sells power semiconductors, including gallium nitride and silicon carbide devices, system controllers, and digital isolators used in power conversion and charging. In December 2024, Cramer was similarly bearish on the company as he remarked:

“… I’ve gotta tell you, that company’s losing a lot of money. I think you can take a flyer at three bucks but understand, it’s losing a lot of money and it’s a flyer.”

Overall, NVTS ranks 20th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of NVTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVTS and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.