24/7 Market News Snapshot 07 July, 2025 – Enovix Corporation Common Stock (NASDAQ:ENVX)
DENVER, Colo., 07 July, 2025 (www.247marketnews.com) – (NASDAQ:ENVX) are discussed in this article.
Enovix Corporation is witnessing a noteworthy surge in its stock, with shares opening at $12.35 and currently trading at $13.26, reflecting an increase of approximately 16.44% from the previous session’s close of $11.39. This bullish momentum is supported by a trading volume of 18.01 million shares, suggesting heightened investor interest and potential volatility. Analysts attribute this rise to positive market sentiment surrounding the company’s innovative advancements in battery technology.
In a significant development, Enovix has unveiled its AI-1TM platform, marking a revolutionary step forward in silicon battery technology specifically engineered for the next generation of mobile smartphones. The AI-1 batteries, backed by an extensive portfolio of 190 architecture-specific patents, utilize 100% active silicon anodes, enhancing energy storage and power capabilities.
The company’s initial sampling of AI-1 batteries to a leading smartphone OEM showcases a remarkable capacity of 7,350 milliampere-hours (mAh). These batteries boast an energy density exceeding 900 watt-hours per liter (Wh/L), along with impressive cycle life and fast charging capabilities, positioning the AI-1 as a pioneering solution in mobile technology. The platform’s standout features include rapid charging at 3C rates, achieving 20% charge in just 5 minutes and 50% in 15 minutes, with over 900 cycles based on initial testing. Such advancements enable smartphones to support demanding AI applications while minimizing the need for frequent recharging.
Enovix’s CEO, Dr. Raj Talluri, highlighted the strategic shift to target the smartphone sector, emphasizing the AI-1 technology’s ability to meet the rigorous demands of energy density, cycle life, rapid charging, and safety. Chairman T.J. Rodgers noted the company’s strong R&D focus on pushing the frontiers of battery technology. As AI-1 batteries become available to select smartphone manufacturers, a broader market release is anticipated for late 2025, heralding a significant advancement in mobile power technology and reaffirming Enovix’s commitment to delivering innovative energy storage solutions.