10 Hottest Stocks: What’s Fueling Their Rise

6. Enovix Corp. (ENVX)

Battery manufacturer Enovix (ENVX) saw its share prices grow by 13.29 percent on Thursday to finish at $11.42 after achieving another milestone.

Last week, the company announced that it has shipped its second-generation EX-2M samples to its customers. Consistent with its plan, the battery samples demonstrated an energy density improvement of approximately 10 percent over the EX-1M products.

The company expects to officially launch EX-2M batteries in 2026 and assure an energy density lead in the smartphone industry.

Following the milestone, Enovix secured its first mobile phone customer purchase order. The orders for custom samples, currently covered by a nondisclosure agreement, is contingent on the successful completion of a key milestone. The product is expected to enter mass production in late 2025.