{"id":33055,"date":"2024-06-25T18:02:40","date_gmt":"2024-06-25T18:02:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/enovix-batteries-to-power-mixed-reality-headsets\/"},"modified":"2024-06-25T18:02:40","modified_gmt":"2024-06-25T18:02:40","slug":"enovix-batteries-to-power-mixed-reality-headsets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/enovix-batteries-to-power-mixed-reality-headsets\/","title":{"rendered":"Enovix batteries to power mixed-reality headsets"},"content":{"rendered":"<p><b>(Originally posted on : Invezz )<\/b><br \/>\n<\/p>\n<div>\n<p>Enovix Corp (NASDAQ: ENVX) opened about 20% up on Tuesday after signing an agreement to provide silicon batteries for a mixed-reality headset.\u00a0<\/p>\n<p><span class=\"news-article-by-paragraph \"><\/p>\n<p><strong><em>Are you looking for signals &amp; alerts from pro-traders? <a href=\"https:\/\/invezz.com\/signals\/?block=news-single&amp;component=np_iccta_p&amp;fragment=text-link&amp;guid=MTY5ODg2OA==\">Sign-up to Invezz Signals\u2122 for FREE<\/a>. Takes 2 mins.<\/em><\/strong><\/p>\n<p><\/span><\/p>\n<p>Shares of the battery manufacturer are now trading at a year-to-date high.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"who-did-enovix-teamed-up-with-on-mixed-reality-headsets\">Who did Enovix teamed up with on mixed-reality headsets?<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<p>Enovix has inked an agreement with a top California-based technology company. It did not, however, reveal the name of the firm it has teamed up with on mixed-reality headset in a <a href=\"https:\/\/www.globenewswire.com\/news-release\/2024\/06\/25\/2903684\/0\/en\/Enovix-Signs-Agreement-to-Deliver-High-Performance-Batteries-for-Mixed-Reality-Headset.html\" target=\"_blank\" rel=\"noreferrer noopener\">press release<\/a> today.\u00a0<\/p>\n<p>The Nasdaq-listed firm will immediately receive a one-time payment for \u201ctooling to support battery pack dimensions\u201d. Subsequent payments will be made on delivery of sample and production quantities.\u00a0<\/p>\n<p>Note that a mixed-reality headset requires materially better battery technology than an average smartphone.\u00a0<\/p>\n<section class=\" advert-reload  in-content-2 relative bg-grey-100 inv-component-break-container p-4 md:p-5 \" data-advertid=\"1416328\" data-advert=\"in-content-2\" data-offertype=\"crypto\">\n<div class=\"md:grid grid-cols-4 md:gap-4\">\n<main class=\"col-span-3\"><\/p>\n<p>\n<span class=\"font-900\">Featured Broker<\/span>\n<\/p>\n<h2 class=\"wp-block-heading\">Looking to invest?<\/h2>\n<p>Invest and trade CFD stocks, ETFs, digital assets &amp; commodities in minutes with our highest-rated broker.<\/p>\n<p>71% of retail CFD accounts lose money.\n<\/p>\n<p><\/main><\/p>\n<aside class=\"md:flex items-center justify-center\">\n<p><a href=\"https:\/\/invezz.com\/visit\/skilling-eu-crypto?block=news-single&amp;component=np_iccta_p&amp;fragment=button&amp;guid=MTY5ODg2OA==\" target=\"_blank\" class=\"inv-button font-700 text-center&#10;&#10;&#9;&#10;&#9; block w-full &#10;&#9;bg-yellow-900 border-yellow-900 text-white hover:bg-yellow-500 px-4 py-4 inv-button--icon-hover-only inv-button-animate-icon inv-button-animate-icon--move-right z-10 relative\" rel=\"nofollow noopener sponsored\"><br \/>\n<span class=\"flex items-center content-center\"><br \/>\nOpen your account<br \/>\n<i class=\"fa fa fa-arrow-right ms-2\"\/><br \/>\n<\/span><br \/>\n<\/a><\/p>\n<p>71% of retail CFD accounts lose money.\n<\/p>\n<\/aside>\n<\/div>\n<p>\n<span class=\"bg-grey-900\" style=\"opacity: 0.3; width: 100%; height: 100%; position: absolute; top: 0; right: 0;\"\/><br \/>\n<span class=\"text-white relative z-10\" style=\"opacity: 1\">Ad<\/span>\n<\/p>\n<\/section>\n<p>Enovix stock has close to tripled over the past two months but it does not pay a dividend at writing.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"heres-why-the-news-is-meaningful-for-enovix-stock\">Here\u2019s why the news is meaningful for Enovix stock<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<p>The news is significant for Enovix shares as IDC forecast global shipments of mixed-reality headsets to jump from under 10 million units this year to more than 35 million units by 2028.\u00a0<\/p>\n<p>The $2.5 billion company based out of California, United States started manufacturing its EX-1M silicon battery samples at its facility in Malaysia this month. Samira Naraghi \u2013 the senior vice president of Enovix said in a press release today:<\/p>\n<blockquote class=\"wp-block-quote inv-component-break-container is-layout-flow wp-block-quote inv-component-break-container-is-layout-flow\">\n<p>Devices in this market [mixed-reality headsets] need to be light, fashionable, and safe while also supporting always-on immersive experiences that leverage AI. Our high energy density batteries are uniquely suited to this task.<\/p>\n<\/blockquote>\n<p>Wall Street currently has a consensus \u201cbuy\u201d rating on Enovix stock. Analysts on average see upside in it to over $27 that signals potential for another 40% gain from here.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"enovix-corp-had-a-strong-fiscal-first-quarter\">Enovix Corp had a strong fiscal first quarter<\/h2>\n<p><a class=\"copy-link-to-section\" href=\"#\"><i class=\"fa fa-link\"\/><br \/>\n<span class=\"tooltip\" data-text=\"Copy link to section\" data-conf=\"Copied!\">Copy link to section<\/span><br \/>\n<\/a><\/p>\n<p>On Tuesday, Raj Talluri \u2013 the chief executive of Enovix also touted his company\u2019s acquisition of Routejade that he\u2019s convinced will help it succeed in adjacent markets including the Internet of Things (IoT).\u00a0<\/p>\n<p>In May, the battery company <a href=\"https:\/\/finance.yahoo.com\/news\/enovix-corp-envx-q1-2024-220206580.html\" target=\"_blank\" rel=\"noreferrer noopener\">reported $5.3 million in revenue for its first financial quarter<\/a> that topped Street estimates by some $1.52 million. ENVX also narrowed its net loss in Q1 to $46.37 million versus analysts at $48.17 million. At the time, the Nasdaq-listed firm told shareholders:<\/p>\n<blockquote class=\"wp-block-quote inv-component-break-container is-layout-flow wp-block-quote inv-component-break-container-is-layout-flow\">\n<p>Looking forward, we\u2019re approaching key milestones on our Journey to Scale in Q2 of 2024 with production beginning in Fab2 and the first EX-1M samples being shipped to customers.<\/p>\n<\/blockquote>\n<p>ENVX expects up to $4.0 million in revenue in its current financial quarter on 22 cents to 28 cents of adjusted per-share loss. Enovix stock traded at a high of $36 during the pandemic.<\/p>\n<p><\/p>\n<div class=\"advert-reload flex flex-wrap mb-4 inv-advert inv-advert-news inv-component-break-container bg-grey-100 px-4 pt-4 pb-3 \" data-advertid=\"1244463\" data-advert=\"news-single\" data-offertype=\"\">\n<p>\n<span class=\"bg-grey-900\" style=\"opacity: 0.3; width: 100%; height: 100%; position: absolute; top: 0; right: 0;\"\/><br \/>\n<span class=\"text-white relative z-10\" style=\"opacity: 1\">Ad<\/span>\n<\/p>\n<div class=\"leading-150 w-full lg:w-auto lg:flex-1 inv-advert-news__main-content\">\n<p>Want easy-to-follow crypto, forex &amp; stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at <a href=\"https:\/\/invezz.com\/signals\/?block=news-single&amp;component=np_iccta&amp;fragment=text-link&amp;guid=MTY5ODg2OA==\" target=\"_blank\" rel=\"noopener\">Invezz Signals\u2122<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/invezz.com\/news\/2024\/06\/25\/enovix-stock-rallies-on-battery-deal-for-mixed-reality-headsets\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Invezz ) Enovix Corp (NASDAQ: ENVX) opened about 20% up on Tuesday after signing an agreement to provide silicon batteries for a mixed-reality headset.\u00a0 Are you looking for signals &amp; alerts from pro-traders? Sign-up to Invezz Signals\u2122 for FREE. Takes 2 mins. Shares of the battery manufacturer are now trading at [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":33056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[39],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33055"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33055"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33056"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}