Category: Finance

Home Finance
Stock News - Lucid Group Shares Plummet: Q3 Losses and Stock Offering Announcement
Post

Stock News – Lucid Group Shares Plummet: Q3 Losses and Stock Offering Announcement

Lucid Group's shares dropped significantly after the company projected a wider-than-expected third-quarter loss and announced a public stock offering of nearly 262.5 million shares to raise approximately $1.67 billion, while ASML reported strong demand in the artificial intelligence sector but slower recovery in other areas of the semiconductor market.