QuantumScape stock just transformed into an AI infrastructure play

QuantumScape (NASDAQ: QS) posted impressive headline numbers for its fiscal Q1 on Apr. 23, but the real story lies in its strategic pivot into the artificial intelligence (AI) data center market. On Thursday, the batteries specialist recorded a narrower-than-expected per-share loss of 16 cents, which helped its stock price break above the 100-day moving average (MA).