Navitas posted its headline at 4:15 PM ET, after the bell: "U.S. Government Selects Navitas to Develop Next-Generation 10 kV SiC Power Semiconductors."
The verb is develop, not supply or ship. The headline gives no dollar figure and no production schedule.
$NVTS is +14.24% after hours. This is a roughly $3.2 billion company with 200 million shares of float. It is a serious name moving on a named customer, not a float squeeze.
This morning's #SOAR headline ran the other way: $1.2 billion in orders from an unnamed "Large AI Customer," and it now sits on the loser side at -8.25%. One headline had a number without a buyer. This one has a buyer without a number.
Navitas's own record covers 31 prior sessions that opened with a gap-up of 5% or more. They split 48% closing above the open and 52% below, with a median of -0.69%. That history is close to a coin toss, and it shows no edge in either direction.