Enovix shares are trading lower. Enovix announced that its CEO Raj Talluri resigned, with Chairman T.J. Rodgers named executive chairman and 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