Envirotech Rally Fueled by Azio AI Deal and Nvidia GPU Order

1 min read
Source: TipRanks
Envirotech Rally Fueled by Azio AI Deal and Nvidia GPU Order
Photo: TipRanks
TL;DR

Envirotech Vehicles (EVTV) stock surged after Azio AI announced a $107 million U.S. government contract and a binding order for 256 Nvidia GPUs, tied to a merger at $3 per share and an acquisition of Azio Corp’s AI division; the move sparked heavy premarket volume, though the stock has a history of volatility and faces limited analyst coverage and ongoing losses.

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