Navitas Semiconductor fell 17% today, with its Q1 revenue guidance falling short of expectations, and its guidance for the next quarter was revised downward again—under the impact of the tariff cycle, the softening demand for consumer electronics and photovoltaic charging in the GaN charging sector is more persistent than previously expected.

NuScale Power also moved lower in the same direction, along with uranium-related targets like Cameco and Nano Nuclear, as the expected timeline for the commercial deployment of small nuclear reactors has been extended again.

The core uncertainties in both directions remain unresolved: if Navitas' next-quarter guidance is revised downward again, it indicates that the acceleration curve of GaN adoption needs to be recalibrated; NuScale's next key catalyst is the announcement of a specific power purchase agreement, with limited upward momentum before a schedule is set. Therefore, if consumer electronics order data improves in the second half of the year, Navitas may recover relatively quickly; NuScale's recovery window is longer, depending on the pace of regulatory approvals and project contract signings.