Lucid (NASDAQ: LCID) stock jumped in Monday's trading. The electric vehicle (EV) specialist's share price ended the daily session up 4.3%, according to data from S&P Global Market Intelligence.
Last week, Nvidia stock soared above $800 per share as the company's market cap topped $2 trillion in a blowout post-earnings rally. Why is Nvidia stock trading so high, and can the AI chip specialist soon become the world's biggest company?
Investors' fervor for all things AI-related is leaving its mark on the U.S. options market, as traders pile in to derivatives bets to gain exposure to the red-hot investing theme.
Shares of Rivian Automotive (NASDAQ: RIVN), the company that aims to become the Tesla of electric trucks, were trading 7.7% higher as of 12:15 p.m. ET Monday, responding both to positive news from a peer EV company, and (sort of) positive news from Wall Street.
Wall Street's main indexes were mixed in choppy trade on Monday after a scorching AI-led rally, as investors braced for key inflation data this week which could impact Federal Reserve's rate cut path.
Investors with an interest in Automotive - Domestic stocks have likely encountered both Paccar (PCAR) and Tesla (TSLA). But which of these two stocks presents investors with the better value opportunity right now? Let's take a clo
Thanks to strong corporate results, as well as the ongoing artificial intelligence (AI) boom, the so-called "Magnificent Seven" stocks are soaring to new heights. All of these companies have seen their share prices rise in the last 12 months, except for one.
The "Magnificent Seven" stocks have been leading the stock market higher over the last couple of years. Without them -- and the ongoing frenzy for artificial intelligence (AI) investments -- Wall Street wouldn't be enjoying an official bull run yet.
The Magnificent Seven wasn’t just a big part of markets last year. The Magnificent Seven contributed to over half of the S&P 500’s growth. Of course, the Magnificent Seven itself may just be a handy bit of media branding. Still, investors may be asking themselves what to do about the stocks this year. The Magnificent [...]
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Renault and China-owned MG launched new electrified cars in Europe at the Geneva car show on Monday as Chinese automakers seek to take more market share from legacy European rivals.
Tesla (NASDAQ: TSLA) was the electric vehicle (EV) manufacturer that did the unthinkable -- it broke the chokehold the big incumbents had on the automotive sector. After Tesla came a slew of electric vehicle upstarts that wanted to ride its coattails. One of those companies is Ri
When stocks are categorized into a group and given a catchy nickname, you might say that they've arrived. In the 1960s and early 1970s, the "Nifty 50" were wildly popular. In the 1990s, "The Four Horsemen" grabbed investors' attention. A few years ago, the FAANG stocks were all t
Few trends have captivated the attention of investors over the past five years quite like the electric-vehicle (EV) revolution. That's because there are big dollar signs attached to the global growth of EVs. Based on a report released last year by Fortune Business Insights, world
Kobe Steel, Japan's third-biggest steelmaker, said it aimed to expand its automotive aluminium panel business in China through a joint venture with China Baowu Steel Group as a shift to electric vehicles drives demand for new cars.
Europe's automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles to challenge them on their home turf.
U.S. automaker General Motors on Monday unveiled its luxury electric Cadillac Lyriq in France, an expansion of its market in Europe after returning last year and a test of whether online-only sales will attract wealthy car buyers.
Without a doubt, many artificial intelligence (AI) investors are kicking themselves for missing out on Nvidia's big gains. With the stock up 280% in the last year and over 1,800% in five years, it is one of the major beneficiaries in the AI space.