10 Tech, Energy Stocks Are Wednesday’s Worst Performers

4. Enovix Corp. (ENVX)

Enovix Corp. (ENVX) saw its share price drop by 14.65 percent to finish at $12.23 apiece as investors resorted to profit-taking following gains in the previous day.

In recent news, the company announced that it recently secured a significant pre-paid purchase order from a leading AI and immersive technology company for custom battery solutions designed for Mixed Reality (MR) wearables.

The batteries are expected to power next-generation head-worn devices, including smart glasses and augmented reality products.

According to Enovix (ENVX), initial shipments are scheduled for mid-2025, with production taking place at the company’s Fab2 facility in Penang, Malaysia.