According to CoinMeta, Navitas Sem's early issuance of nductor ( NVTS ) saw a single-day increase of over 6% on August 3, closing at $11.52 from an opening price of $10.52. Nevertheless, the stock has still fallen by 34% in the past month, far below its peak of $15.74 in May. CEO Chris Allexandre confirmed that revenue from ultra-large customers is not expected to start growing until 2027, which means the company's current valuation of $3 billion relies solely on quarterly revenue of $11 million. Additionally, a patent lawsuit targeting the core product Wolfspeed on July 28 added legal risks. Although the company has achieved continuous growth in revenue and profit over the past seven quarters, with a gross margin of 39.5% under non-GAAP accounting, the risk remains high for long-term investors as the company is still in a loss state with earnings per share at -190%.