Why SES AI Stock Jumped 11% Today
SES AI (NYSE: SES) stock shot up 11.3% through 10 a.m. ET Tuesday morning after the battery research and development shop announced plans to use artificial intelligence (AI) to develop better rechargeable batteries for electric cars.
It didn't hurt, either, when SES AI announced its partners in the project: AI heavyweights Nvidia and Super Micro Computer.
Valued at $405 million, tiny SES AI nonetheless bills itself as "a global leader in the development and manufacturing of high-performance Li-Metal batteries." And in an effort to grow into that title, the company announced today a "groundbreaking initiative to accelerate material discovery in electric transportation ... by mapping the universe of small molecules using a cutting-edge supercomputer optimized for artificial intelligence."
Source Fool.com
