QuantumScape (QS) Jumps 18.4% on Ceramic Separator Partnership

We recently published 10 Stocks Stealing The Spotlight Today. QuantumScape Corp. (NYSE:QS) is one of the top performers on Wednesday.

QuantumScape ended two days of losses on Wednesday, surging 18.43 percent to close at $14.59 apiece as investors repositioned portfolios after striking a partnership agreement with Corning Inc. for the development of ceramic separator manufacturing capabilities for solid-state batteries.

In a statement, QuantumScape Corp. (NYSE:QS) said the two firms would jointly develop the project in a bid to ramp up the production of its ceramic separators for commercial applications.

“Combining QS and Corning’s strengths in materials science and manufacturing, this agreement marks an important step in building an ecosystem of partners to rapidly industrialize QS’s next-generation battery technology,” QuantumScape Corp. (NYSE:QS) said.

Meanwhile, QuantumScape Corp. (NYSE:QS) is likewise benefitting from optimism for the overall lithium industry following the US government’s acquisition of a 10-percent stake in Lithium Americas. The move was aimed at reducing the country’s dependence on lithium imports, sparking confidence that the Trump administration could be in the works for policies to prop up domestic manufacturing.

While we acknowledge the potential of QS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.