Applied UV [AUVI] - Last Close: $2.01
Applied UV is trending after a product announcement.
This morning, the company said is utilizing AI-driven software engineering services and solutions to expand and develop its proprietary indoor air quality solutions.
Applied UV said it has engaged Quantiva, the provider of said AI software, to expand its Airocide and PURONet systems.
The company said the developments will help solve the $400 billion post-harvest crop spoilage along supply chains.
AUVI is up 13.9% on the news.
My Take: This is just a buzz-word rally at this point. Anytime a company says it's using AI, shares go up, so don't put too much faith in this AUVI announcement.
Microvision [MVIS] - Last Close: $4.60
A premarket announcement sparked a relief rally in shares of Microvision.
Early this morning, the LiDAR firm canceled a previous announced public offering of its common shares, citing unexpected market volatility.
However, CEO Sumit Sharma said the company plans to explore other capital raising opportunities.
Microvision has previously planned an underwritten public offering of $75 million worth of common stock.
News of the canceled offering lifted MVIS to a 21.5% gain in today's premarket.
My Take: This LiDAR stock had a great start to the year, but it has pulled back significantly over the past couple of weeks. MVIS could have some swing trade potential.
Dragonfly Energy [DFLI] - Last Close: $2.56
Dragonfly Energy is riding high after a patent announcement.
This morning, the company said the U.S. Patent & Trademark Office approved its US Patent Application for streamlined productions of Li-ion batteries.
According to Dragonfly's press release, the patent is for the "preparation and powder film deposition of pre-coated powdersâ during battery production.
Dragonfly says the patent brings them one step closer to bringing its nonflammable LiFePO4 storage batteries to market.
DFLI is up 18.3% after the patent announcement.
My Take: DFLI appears to be making progress, and it could have a bright future if it can produce a non-flammable lithium battery capable of powering
