Enovix Stock Soars After Pre-Orders for Silicon Batteries

Investing.com -- Shares of Enovix Corporation, a battery manufacturer, soared by up to 27% following a prepayment order for silicon batteries. The terms of the purchase order from an unnamed technology company were not disclosed. According to Enovix, the ordered batteries are designed for use in "next-generation head-mounted mixed reality wearable devices." The company added that these batteries will contribute to the development of smart glasses, augmented reality devices, and other innovative products in the mixed reality field. Under the agreement, Enovix is expected to commence its initial shipments by mid-2025.