According to CoinMeta, in its second-quarter 2026 investor letter, Massif Capital noted that Enovix Corp ( NASDAQ : ENVX ) performed poorly due to multiple factors. The strategy experienced a net loss of 5.16% this quarter, with a return rate of 10.7% since the beginning of the year. Although there was strong performance in April and May, losses in European energy and materials in June put pressure on its performance. The volatility of the portfolio reached an annualized 32.8% in the first half of the year. Massif Capital also mentioned that despite improved fundamentals, several holdings such as Lundin Mining and Equinox Gold still saw declines. The stock price of Enovix Corp closed at $3.40 on August 19, 2026, with a return of -21.66% in the past month and a decline of 66.89% over the past 52 weeks.