📈 Stocks / Finance

Lucid surges on Gravity SUV production

Yahoo Finance

Lucid Group (NASDAQ: LCID) shares rose 13.1% after confirming the on-schedule production of its Gravity luxury SUV, targeting affluent buyers seeking larger EV options. Concerns about reduced EV tax credits eased, though Lucid's high-income customers are largely unaffected.

Nvidia leads tech-driven Wall Street decline

Reuters

Wall Street's major indexes fell as Nvidia dropped 2.5% following a Chinese antitrust probe, dragging tech and semiconductor stocks lower. The S&P 500 lost 0.61%, with 9 of 11 sectors declining. Investors anticipate CPI data and a potential Fed rate cut amid easing labor market signals.

AMD downgraded on AI competition and cloud shift

Yahoo Finance

AMD shares dropped over 5% as Bank of America downgraded the stock from 'buy' to 'neutral,' reducing its price target to $155 from $180. Analysts cited rising AI chip competition from Nvidia and growing demand for custom cloud chips by Marvell and Broadcom as key risks.

🪙 Crypto

MicroStrategy deepens Bitcoin holdings amid market dip

Investopedia

MicroStrategy acquired 21,550 bitcoins for $2.1 billion, raising its total to 423,650 BTC, funded by a $2.13 billion share sale. The purchase, at an average price of $98,783 per bitcoin, highlights its aggressive $42 billion bitcoin strategy. MSTR shares fell 4% as bitcoin dipped below $98,000.

🌎 Global Economy

China's policy pivot sparks equity rally, bonds skeptical

Reuters

China's Politburo hinted at "moderately loose" monetary policy, driving equities to monthly highs while bond yields fell, showing growth doubts. European stocks rose, led by mining and luxury sectors, as global markets await critical central bank rate decisions this week.

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