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Mobix Labs (MOBX) Plans Facility Expansion, Names New General Manager

Mobix Labs, Inc. (NASDAQ:MOBX) is one of the 6 Best Semiconductor Penny Stocks to Buy Now. On January 5, Mobix Labs, Inc. (NASDAQ:MOBX) announced that it is appointing Amir Asvadi as the General Manager of the company’s EMI product line and defense manufacturing operations. Asvadi has many years of experience leading business units at publicly traded companies that serve the defense and aerospace markets.

According to the report, Mobix Labs, Inc. (NASDAQ:MOBX) is also working to expand its defense manufacturing facilities and grow its EMP product line. Asvadi’s operational focus and leadership skills are expected to support faster and more consistent execution.

Mobix Labs, Inc. (NASDAQ:MOBX) also confirmed that it plans to move into a larger, military-approved facility. The new site will support higher production capacity and help meet growing demand.

The planned facility aims to bring the company’s West Coast operations together under one roof. This move will help streamline production, manufacturing, and daily operations while also improving coordination and overall operational efficiency.

Mobix Labs, Inc. (NASDAQ:MOBX) is a fabless semiconductor company specializing in the supply of advanced connectivity solutions for aerospace, defense, AI, and 5G infrastructure markets.

While we acknowledge the potential of MOBX as an investment, 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 MOBX and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Stocks that Will Bounce Back According to Wall Street Analysts and 10 Best US Penny Stocks to Buy.

Disclosure: None. This article is originally published at Insider Monkey.

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…

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