Investors in Lucid Group saw a slide in stock despite record first-quarter deliveries of 3,109 vehicles, raising $1 billion in convertible debt, and weaker revenue guidance for the quarter. Concerns over the impact of President Trump’s tariffs on the supply chain and recent management transition also added to the stock’s decline. However, investors are advised not to panic as upcoming earnings reports and the launch of the Gravity SUV could boost deliveries and revenue.
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Why Nvidia Rallied More Than 24% in May
Shares of Nvidia (NASDAQ: NVDA) surged 24.1% in May, as reported by S&P Global Market Intelligence. The increase was driven by a significant rally in technology stocks following eased tariff tensions between the U.S. and China, which coincided with Nvidia's earnings beat late in the month; however, the post-earnings gain represented only a fraction of the overall May increase. Additionally, the Trump administration's agreements for substantial AI chip sales to the United Arab Emirates and...
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