$ENVX The Next $NVDA?(Metaphorically) A Journey From Jelly to Chips

Posted: Jun 26, 2024

- $NVDA has revolutionized the semiconductor industry with chip designs - Current lithium ion phone batteries have not changed in 30 years - Enovix is a company that has developed a new battery architecture using square layers instead of rolls - This new architecture allows for >30% more capacity in a cell - Enovix has replaced its leadership team with Qualcomm chip makers and is set to start shipping next year - Recent agreement from AR headset maker causing a +30% increase in stock - Better batteries are needed for AI, LLMs, and BLTs to run efficiently and Apple is interested in this technology



🚨 Reddit sentiment: mixed/positive - Most comments are optimistic about $ENVX's potential and recent gains. However, there are concerns about competitive edges and the stock's steep recent rise, making the sentiment not entirely bullish. Summarized comments: - $ENVX has a deal with META, presenting both a big risk and big opportunity - Some users believe $ENVX is involved with battery tech for new Abrams tanks - There is enthusiasm for battery innovation in $ENVX getting the 'chip treatment' - Concerns exist about $ENVX's competitive edge, though some assert production facilities and know-how are significant barriers - $ENVX has already increased 115% in the past 3 months; some consider it risky to buy after such a large increase - One user is holding 1k shares of $ENVX - Optimism about $ENVX popping even more this summer, although speculative Stock tickers discussed: $ENVX, $NVDA, META



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