The AI chipmaker priced at $185, planned to sell at $125, and cleared a $100 billion valuation before lunch, which is not bad for a company nobody had heard of 48 hours ago
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The AI chipmaker priced at $185, planned to sell at $125, and cleared a $100 billion valuation before lunch, which is not bad for a company nobody had heard of 48 hours ago
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The ride-hailing company's first-quarter revenue fell short of Wall Street expectations, but its Q2 bookings outlook topped analyst estimates
(Bloomberg) -- Lucid Group Inc. shares slid after the electric-vehicle maker suspended full-year production guidance while its new chief executive officer works to align output with a challenging EV demand environment.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weighs
Lucid reported a first-quarter loss of almost $1 billion. Wall Street was looking for a loss of about $864 million.