Enovix Announced CEO, Director Raj Talluri Resigned; Chairman And Largest Shareholder T.J. Rodgers Appointed Executive Chairman; CFO Ryan Benton Appointed Interim CEO

Enovix Accelerates South Korea Capacity Expansion To Double Drone Battery Output And Advance MX‑1 Silicon‑Blended Platform

Enovix Corporation (NASDAQ:ENVX) ("Enovix"), a developer and manufacturer of advanced lithium-ion batteries, including proprietary silicon-anode architectures, today provided additional details of its

Why Kulicke & Soffa Stock Slumped by Nearly 10% Today

Kulicke & Soffa Industries stock fell nearly 10% after announcing Raj Talluri as its new permanent CEO, replacing interim CEO Lester Wong. The decline appears driven by concerns over the lengthy succession process in a fast-moving industry and profit-taking following strong Q3 earnings. Analyst expects the stock to rebound.

Shares of electrical equipment-related companies are trading lower, possibly alongside an AI-related selloff due to inflation fears and soaring bond yields.

12 Industrials Stocks Moving In Tuesday's Intraday Session

Gainers Xos (NASDAQ:XOS) stock increased by 99.5% to $4.17 during Tuesday's regular session. The company's market cap stands at $29.7 million. As per the news, the Q2 earnings report came out 3 days ago. CDT