Enovix is trading 10.99% down now at $3.20 after CEO Raj Talluri resigned effective August 13, 2026, to pursue another opportunity.
- CFO Ryan Benton became interim CEO, while Chairman T.J. Rodgers became executive chairman during the leadership search.
- The unexpected departure raised execution concerns during Enovix’s commercialization ramp; William Blair downgraded the stock to Market Perform.
- Broader technology weakness and elevated bond yields are adding pressure.