Datavault AI (DVLT) shares soared roughly 60% on Friday after the data technology and licensing company said it has secured a strategic investment worth $150 million from Scilex Holding (SCLX).
According to a DVLT press release, the financing will “accelerate its supercomputing infrastructure” and help it launch independent data exchanges in the U.S.
Following the explosive rally, DVLT stock is trading nearly 350% higher than its Sept. 4 low.
Significance of the Scilex Investment for Datavault Stock
Investors are cheering Datavault stock this morning primarily because they are reading the Scilex investment as a major vote of confidence in the company’s long-term vision.
The capital infusion will accelerate its supercomputing infrastructure, critical for scaling artificial intelligence (AI) and blockchain-enabled data monetization.
Additionally, the funding will enable the launch of independent data exchanges, positioning DVLT as a key player in Web3 and decentralized data markets.
All in all, the announced partnership could unlock new revenue streams tied to high-performance computing and tokenized data assets for the Beaverton-headquartered firm.
It bolsters the company’s balance sheet and refines its overall growth narrative, potentially clearing the path for DVLT shares to push higher from here.
Should You Load Up on DVLT Shares Today?
Despite the strategic investment, Datavault AI remains a penny stock, vulnerable to unusually high volatility. This means it could reverse gains just as quickly as they scored them on Friday.
Plus, DVLT stock currently receives coverages from only one Wall Street analyst, which suggests insufficient institutional scrutiny and limited visibility into its transparency and governance.
That said, this micro-cap AI stock may still be suitable for high-risk investors, especially after the Scilex funding, since that lone analyst currently rates it at “Strong Buy.”
More importantly, their price target currently sits at $3, according to Barchart, indicating potential upside of another 100%-plus from here.
In short, while risks remains, Datavault’s Scilex-backed pivot could mark a turning point for its AI driven growth and investor credibility.
