SAI.TECH Global Corp. [SAI] - Last Close: $2.26
SAI.TECH Is rebounding from steep losses on Thursday.
The Singapore-based Bitcoin miner took a 26.1% loss yesterday and hit a new 52-week low, but shares are rallying ahead of today's opening bell.
The declines came in spite of two seemingly upbeat announcements from the company this week.
On Tuesday, SAI reported that it has been approved to receive an Underwriters Laboratories listing certification for its core product, SAIHUB-CAB 025M.
On Wednesday, the company announced the launch of new liquid-cooling bitcoin mining infrastructure products.
Today, SAI is rebounding from its Thursday losses with a 31.8% premarket gain, and it's one of this morning's most active stocks.
My Take: It's been a rough year for Bitcoin and related stocks, but some of these companies are beginning to look like values. SAI has notched huge losses this week, and it's possible the sell-off has been overdone.
Arrival SA [ARVL] - Last Close: $0.7876
Arrival SA just reached a pivotal milestone, and shares are rallying on the news.
The Luxembourg-based EV stock is on the rise after announced it had successfully produced its first production vehicle at its Bicester Microfactory.
The production milestone is a big step towards full-scale production, and puts the firm on course to begin customer deliveries soon.
"Today is an important day for Arrival. This is the first time a vehicle has ever been built in our Microfactory, using a new method that does not use a traditional assembly line," said Denis Sverdlov, Founder and CEO at Arrival.
The Arrival Vans produced this year in the company's first Microfactory in Bicester, UK, will be used for continued testing; not sold to customers.
ARVL is trading actively with an 18.6% gain.
My Take: This dark horse EV stock could be worth watching. It's got an elevated short percentage of 12.35%, and it could be on course for more bullish headlines after successfully producing its first production vehicle.
