Small-cap stocks with market capitalizations between $300 million and $2 billion offer the potential for substantial growth and outsized returns, albeit with higher risk. These smaller companies can adapt quickly to market changes and capitalize on niche opportunities.
Enovix is on track to produce its first battery samples with the EX-1M technology in Q2'24 and Fab-2 is expected to begin production in 2H24. Enovix has secured a development agreement with a top five smartphone OEM, representing a significant endorsement for the company. Enovix aims to launch multiple smartphones and IoT customers with the EX-1M battery by 2025.