Enovix Corp is trading 10.1% up at $7.33 as a tentative U.S.–Iran peace agreement fuels a broad risk-on rally across the technology sector.
- The stock is rebounding from last week’s pullback as traders rotate back into high-beta growth names and rate-sensitive assets.
- Market sentiment is being supported by easing oil prices and rising index futures, with the move appearing to be entirely macro- and sector-driven rather than company-specific.