5 Stocks Besting Wall Street With Easy Double-Digit Gains

3. Navitas Semiconductor Corp. (NASDAQ:NVTS)

Navitas Semiconductor soared to a new all-time high on Wednesday, as investors loaded portfolios ahead of the results of its earnings performance in the first quarter of the year.

In intra-day trading, the stock climbed to its highest price of $18.67 before trimming gains to finish the session just up by 20.48 percent at $18.47 apiece.

According to the company, it is scheduled to release its financial and operating highlights after market close on May 5, 2026. A conference call will follow to elaborate on the results.

In its last earnings call, Navitas Semiconductor Corp. (NASDAQ:NVTS) said that it is targeting to hit revenues of $8 million to $8.5 million for the first quarter, a marked 39 to 43 percent decline from the $14 million registered in the same period last year.

Despite the decrease, investors remained confident about rosy prospects for the company, thanks to the continued surge in demand for semiconductors.

Investors are also expected to watch for its business outlook for the second quarter of the year.

In other news, Navitas Semiconductor Corp. (NASDAQ:NVTS) recently welcomed ex-Broadcom executive, Gregory Fischer, to its board of directors. He is tasked to serve on the company’s compensation and executive steering committees.

Fischer formerly served as senior vice president and general manager for Broadcom, and held leadership roles at Conexant Systems Inc., Rockwell International Corporation, and Rockwell Collins Avionics Co. He is currently serving as an independent director for Semtech Corporation.