| | | A number of months ago I touted ENVX as my favorite stock for wealth creation in late 2024 and 2025. The attached article suggests that my optimism for ENVX may finally be coming to fruition.
You can find the complete report in Yahoo! under ENVX News, but here are the first three paragraphs:
"Enovix (Nasdaq: ENVX) has launched AI-1™, a groundbreaking silicon-anode smartphone battery platform, shipping its first 7,350 mAh batteries to a leading smartphone OEM. The battery achieves over 900 Wh/L energy density, making it the highest commercially available, protected by 190 patents.
Key features include fast charging capabilities (20% in 5 minutes, 50% in 15 minutes), 900+ cycles in standard smartphone usage, and enhanced discharge capability for AI applications. The technology represents a significant advancement in battery technology, particularly for AI-enabled smartphones requiring higher energy storage and power for local AI processing.
With over $200 million in cash reserves and production facilities in Malaysia, Enovix plans broader availability later in 2025. The company has successfully transitioned from wearable batteries to the larger 1.2-billion unit smartphone market." |
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