Specialty chipmaker Navitas Semiconductor (NASDAQ: NVTS) has seen its shares decline over 10% this week following a downgrade by CJS Securities analyst Jonathan Tanwanteng, who changed his recommendation from market outperform to market perform without setting a price target. This downgrade, despite not coming from a major financial institution, significantly impacted the stock’s performance.
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1 Reason I Can't Stop Thinking About Archer Aviation Stock in 2025
The low-altitude economy is poised for significant growth, with Bank of America predicting a 62% increase in the adoption of eVTOL aircraft by 2030. Cathie Wood's Ark Invest has invested heavily in Archer Aviation (NYSE: ACHR) for its promising developments in the air taxi market, reflecting confidence in its potential leadership in this emerging sector. Want More Context? 🔎
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