10 Stocks Delivering Eye-Popping Gains

Page 9 of 9

1. QuantumScape Corporation (NYSE:QS)

Quantumscape extended its winning streak to a third straight day on Thursday, jumping by another 34.92 percent to close at $7.65 apiece as investors continued to gobble up shares after achieving a cell production milestone.

According to QuantumScape Corporation (NYSE:QS), it achieved an important milestone in its baseline cell production capabilities with the integration of the advanced Cobra separator process.

Cobra forms the foundation of its high-throughput, continuous-flow separator production platform with its ability to offer 25x improvement in heat treatment speed. It is designed to enable faster, more energy-efficient production with a smaller equipment footprint compared with earlier processes.

“By significantly improving throughput and shrinking the equipment footprint, Cobra gives us a powerful path forward for commercializing our next-generation battery technology,” said QuantumScape Corporation (NYSE:QS) CEO Siva Sivaram.

For his part, QuantumScape Corporation (NYSE:QS) co-founder and CTO Tim Holme said that the advancement is crucial to bringing the company’s high-performance solid-state battery platform to market at gigawatt scale.

While we acknowledge the potential of QS, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.

Page 9 of 9