SES AI Stock Rockets 13% Today—Here’s the Fuel Behind the Frenzy

Another day, another meme-stock moonshot—but this time, the AI hype train’s got real tickets. SES AI shares blasted off 13% in a single session, leaving bagholders and skeptics scrambling.

The catalyst? Probably not fundamentals.

No earnings surprise or patent breakthrough here—just the market’s Pavlovian drool over anything with ‘AI’ in the name. Traders piled in like it was 2021, chasing the algorithmic ghost of gains past.

Short squeeze or sustainable surge?

With institutional ownership still thin, this could be retail traders YOLO-ing their rent money—again. Or maybe, just maybe, Wall Street’s finally noticed SES’s solid-state battery IP. (Nah, definitely the YOLO scenario.)

Either way, another reminder: In today’s market, ticker symbolism trumps technicals. Just ask the ‘.AI’ domain squatters.

An electric announcement

SES AI disclosed in a regulatory filing Monday, no doubt with immense relief, that it received notice from the New York Stock Exchange that it had regained compliance with the bourse's listing requirement. Specifically, this mandates that a stock on the exchange must trade for about $1 per share for a 30-day period.

Image source: Getty Images.

In the tersely worded document, SES AI said NYSE informed the company on Friday, citing the 30-day stretch that ended on July 31.

Although SES AI is a relatively early-stage company, it has lately been drawing revenue and attracting notice for its cutting-edge battery solutions. However, the growth of EV sales isn't as robust as it once was, and the company has posted a string of bottom-line losses.

Growth by other means

Yet SES AI is also a company on the move; in recent days, it has shown an appetite for growing through acquisitions. It concluded a deal to purchase energy storage systems (ESS) developer UZ Energy for a price of around $25.5 million. That acquisition could prove to be rather complementary to its business, assuming it is integrated effectively and efficiently into its operations.