The NSE Nifty 50 index is testing its 20-DMA support amid global market weakness, shedding over 2% from its all-time high. Technical indicators signal potential further weakness in September, with downside targets at 24,200 and 23,885. Key support levels are at 24,845 and 24,600, with resistance at 25,030 and 25,200; sustained trading above these levels could dismantle the bearish set-up.
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Navitas (NVTS) Q2 Revenue Drops 29%
Navitas Semiconductor (NASDAQ:NVTS) reported Q2 2025 results with GAAP revenue of $14.5 million, a 29.3% decline year-over-year, while non-GAAP operating loss improved to $10.6 million. Despite a GAAP net loss per share of $(0.25) exceeding estimates, the company has $161.2 million in cash following a $100 million capital raise, focusing on AI data centers and energy infrastructure. Want More Context? 🔎
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