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American Battery (ABAT) Reports Record Fiscal Q3 Revenue

American Battery Technology Company (NASDAQ:ABAT) is one of the 10 Best Electric Vehicle Supply Chain Stocks to Invest In.

On May 11, 2026, American Battery Technology Company (NASDAQ:ABAT) reported Q3 revenue of $7.8M. During the quarter, the company said it significantly ramped and streamlined operations at its Nevada critical mineral recycling facility, resulting in record revenue that increased 64% quarter over quarter, while cost of goods sold rose only 11% over the same period. The company also achieved its first positive gross margin.

American Battery Technology Company (NASDAQ:ABAT) said the increased throughput at its recycling facility enabled it to benefit from favorable market conditions and strengthen its position as a major critical mineral recycler in the United States. CEO Ryan Melsert described the achievement of positive gross margin as a significant milestone that supports self-sustaining operations at the company’s recycling facility. Melsert added that the gross profit generated from the facility will help fund the continued expansion of its first recycling operation, development of a second recycling facility, and the construction and ramp-up of its lithium mine and refinery as part of efforts to build a closed-loop domestic critical mineral supply chain in the United States.

On April 28, 2026, Maxim initiated coverage of American Battery Technology Company (NASDAQ:ABAT) with a Buy rating and a $6 price target on the shares.

American Battery Technology Company (NASDAQ:ABAT) develops battery materials technologies and explores for battery metals, including lithium, nickel, cobalt, and manganese, in the United States.

While we acknowledge the risk and potential of ABAT 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 time frame. If you are looking for an AI stock that is more promising than ABAT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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