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Lucid CEO Resigns, Stock Downgraded Amid Uncertainty
5 articles I'm watching carefully
Tyler Dupont
February 27, 2025
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Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Lucid CEO Resigns, Stock Downgraded Amid Uncertainty
Lucid Motors CEO Peter Rawlinson resigned, triggering a 12% stock drop and a Bank of America downgrade to $1 per share. Analysts warn his departure may delay the 2026 midsize platform. Interim CEO Marc Winterhoff must ramp up Gravity SUV production while Lucid navigates leadership instability and development risks.
Nvidia's Earnings Fail to Impress Amid High Expectations
Nvidia reported Q4 revenue of $39.3B, narrowly beating estimates but falling short of past blowouts. Guidance for Q1 sales at $43B was slightly above consensus but below high-end projections. Gross margins face pressure due to Blackwell's rollout, and AI spending concerns persist, weighing on shares.
Supermicro Rallies After Meeting Nasdaq Deadline
Supermicro shares surged 12% after filing delayed financial reports in time to avoid Nasdaq delisting. The stock found support at the 50% Fibonacci retracement level and now faces resistance at $63, $75, and $96. Key support levels are at $48 and $38, with recent gains fueled by AI-driven revenue optimism.
🪙 Crypto
Bitcoin Faces Critical Support at $80K
Bitcoin has fallen below $88,000, testing support at $80,000. A failure to hold this level could trigger further declines toward $78,500. Resistance lies at $85,500 and $86,150, with the RSI below 50 and MACD losing bearish momentum. A break above $87,150 could push BTC back toward $90,500.
🌎 Global Economy
BoE’s Dhingra Warns of Trade Tariff Risks
BoE’s Swati Dhingra stated that the central bank’s response to rising U.S. tariffs depends on supply chain disruptions rather than cost pressures. She sees global fragmentation as likely orderly but warns severe trade barriers could trigger inflationary shocks. Dhingra also argues current BoE rate cuts remain too restrictive.
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