Enovix: This Opportunity Is Massive

Price target: $17 per share by the end of 2025.

Investment Thesis

Enovix (ENVX) is a pre-revenue business. Therefore, notwithstanding my own bullishness for this company, please remain aware that this company's prospects are still highly speculative. 

Here's what Enovix is seeking to commercialize, small batteries for wearable devices for the biggest producers in the Fortune 500.

This is the background. AI is extremely power-hungry. Watching videos in 8K is extremely power-hungry. Using ChatGPT is extremely power-hungry. The penetration of AI apps is only getting started. And conventional batteries don't allow devices to survive the whole day.

Without any heroics, I now believe that Enovix's stock is the most appealing it's been for a long time. The risk-reward now is very attractive. Price target of $17 by the end of 2025. A massive upside from this price point now.