Jim Cramer on Enovix: "Please Stay Away From It"

Enovix Corporation (NASDAQ:ENVX) is one of the stocks Jim Cramer talked about. When a caller inquired what Cramer thinks of a “quick in and out” approach with regard to the stock, he remarked:

Oh, lithium battery. No, I can see you in, but you’d never get out. I don’t want you near that one. Please stay away from it.

Enovix Corporation (NASDAQ:ENVX) manufactures lithium-ion battery cells for smartphones, wearable technology, and the electric vehicle market. During the Mad Money episode aired on July 21, 2025, a caller inquired about the stock, and Cramer responded:

We have a glut of oil. I’m worried about that. ENVX is another stock that’s just up way too much. I mean, we gotta find some stocks that are not up like a straight shooter, because what happens, these are what I call parabolic buys. And if you buy a parabolic stock, what happens is it goes parabolic down. So, therefore, we’re not going to buy that stock.

It is worth noting that since the above comment was aired, the company’s stock has lost 65% of its value.

While we acknowledge the potential of ENVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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