search icon
      blog search icon

      How Atomera (ATOM) Stock Recovered During Pre-Market

      By Fahim Awan

      Published on

      October 26, 2023

      12:07 PM UTC

      How Atomera (ATOM) Stock Recovered During Pre-Market

      Atomera Incorporated (NASDAQ: ATOM) recently experienced a remarkable surge in its stock price, witnessing a 1.59% increase during pre-market trading, with shares trading at $7.30. This recovery followed a challenging regular trading session during which the stock had incurred a 7.91% loss, concluding at $6.29. This uptick in ATOM stock is particularly significant as it precedes the company’s upcoming quarterly financial results announcement.

      Atomera (ATOM) plans to unveil its Q3 2023 fiscal outcomes on the eve of November 1, 2023, post-market closure. To furnish discernment and evaluation of this data, the corporation intends to convene a real-time Zoom seminar at 5:00 p.m. EST during that very date.

      Beyond its financial news, Atomera has also made headlines for its involvement in the Southwest Advanced Prototyping Hub, a regional initiative led by Arizona State University (ASU). Atomera is one of the 27 HUB partners united by a shared vision to support the microelectronics requirements of the U.S. Department of Defense (DoD) through the “Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act.”

      This initiative, funded by the DoD, allocates $238 million to eight universities and research institutions, with ASU receiving $39.8 million. The funds endeavor to establish a widespread system of establishments throughout the United States, strengthening the nation’s protection against interruptions in the supply chain and diminishing reliance on overseas elements for advanced microprocessors.

      Arizona State University (ASU) provides innovative research hubs, laboratories, and machinery, affording collaborators entry to cutting-edge semiconductor instruments and measurement technology. Atomera’s existing partnership with ASU uniquely positions the company to accelerate the development of semiconductor materials.

      By joining this innovative hub, Atomera will contribute knowledge and expertise to drive advancements in U.S. semiconductor production. Atomera is poised to revolutionize semiconductor technology, aiming to redefine the boundaries of what’s achievable in the field.

      The company boasts a comprehensive portfolio of quantum-engineered materials technologies, with its Mears Silicon Technology (MST) standing out for its proven ability to enhance performance, power efficiency, spatial efficiency, and overall processing capacity (PPAC).

      Through this collaboration, Atomera intends to boost America’s capacity for prototyping, manufacturing, and large-scale microelectronics production, hand in hand with ASU. This strategic partnership sets the stage for a transformative journey into the future of semiconductor technology.

      More From Stocks telegraph