Why Did QuantumScape Stock Soar Today?
Key takeaways
- QS NVDA HMC Solid-state battery maker Quantum Scape (NASDAQ: QS) has been moving closer to commercializing its technology, and it received a major boost of confidence from a global automaker today.
- As of 11:21, shares were up 12.9% after paring some of an earlier 16% gain.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
QS NVDA HMC Solid-state battery maker Quantum Scape (NASDAQ: QS) has been moving closer to commercializing its technology, and it received a major boost of confidence from a global automaker today.
News that the research and development (R&D) arm of Honda Motor (NYSE: HMC) is working with Quantum Scape to advance its battery platform for electric vehicles (EVs) and other applications sent Quantum Scape stock soaring today. As of 11:21, shares were up 12.9% after paring some of an earlier 16% gain.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »