We recently compiled a list of the 10 Stocks Gaining Momentum From Key Collaborations. In this article, we are going to take a look at where General Motors Company (NYSE:GM) stands against the other stocks.
The US stock indices are decreasing as investors try to make sense of mixed earnings reports from banks. Donald Trump’s Treasury choice is being grilled by the Senate on tariffs, Fed independence, and tax cuts. LA wildfires are coming under control, though high winds continue to make things uncertain in the region. Amidst all this, it is business as usual for many companies. From tech companies to automotive, every firm is collaborating with others in the industry to add more value for its customers. Some of these partnerships relate to the improvement of services while others act as value additions to both businesses, such as Microsoft and Pearson plc’s partnership on improving education and training.
We compiled a list of 10 stocks that are either surging on such collaborations or have the potential to outperform the market based on business improvements through these collaborations. To come up with our list of 10 stocks that are gaining momentum from key collaborations, we only considered stocks with a market cap of at least $1 billion.
A group of technicians in a garage, inspecting car parts and ensuring safety compliance.
General Motors Company (NYSE:GM)
General Motors Company (NYSE:GM) engages in cars, trucks, automobile parts, software-enabled services, and subscriptions among other segments. Vianode, a supplier of sustainable battery materials, is a subsidiary of Elkem ASA. GM declared that it signed a deal with Vianode that will be operational from 2027 to 2033.
According to the agreement, GM will receive synthetic graphite anode materials from Vianode to produce batteries for electric vehicles. The company will produce these batteries through its collaboration with LG Energy Solutions.
Vianode is reportedly planning to establish a plant near LG’s and GM’s battery production. The main objective of the plant is to produce around 80,000 tons of synthetic graphite per year, which can be used to provide electric vehicles to around 1.5 million people. Share prices of GM were down recently but in the last 2 days, stock prices have improved. This deal is likely to affect GM stock prices positively making it attractive to investors.
Overall GM ranks 5th on our list of the stocks that are gaining momentum from key collaborations. While we acknowledge the potential of GM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as GM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.
