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Why QuantumScape Stock Jumped Almost 10% This Week

TheMotleyFool 
0 0 12.06.25
Why QuantumScape Stock Jumped Almost 10% This WeekPhoto, wide shot, wide-angle lens, Automotive service center, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/c8dbaa5e-abdb-40ac-b919-ed80785b056a.png
 

Some energy stocks have been soaring as investors look to get in early on new technologies that could help supply growing power demand. With electric vehicle (EV) sales continuing to increase and data centers popping up seemingly everywhere to supply increasing needs for artificial intelligence (AI) compute power, investors want to cash in too.

One name that jumped as much as almost 12% this week was solid-state battery company QuantumScape (NYSE: QS). The stock was still higher by 9.3% as of late Thursday afternoon, according to data provided by S&P Global Market Intelligence.

Image source: Getty Images.

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Source Fool.com

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