While it is true that the entire electric vehicle (EV) industry has been suffering from a severe downturn, with even the giants like Tesla (NASDAQ: TSLA) reeling inside its longest losing streak since 2021, few have been as impacted as Lucid (NASDAQ: LCID). In fact, Lucid has been on a rather sustained downward spiral since…
Elon Musk’s electric vehicle (EV) maker, Tesla (NASDAQ: TSLA), has remained a darling of many analysts, investors, and technology enthusiasts even throughout the ever-deepening slowdown that has only become more severe in 2024. Late in 2023, several analysts predicted that the company would reach and breach a $1 trillion valuation by the end of 2024,…
In recent months, Advanced Micro Devices (NASDAQ: AMD) has experienced remarkable growth, driven by the increasing demand for artificial intelligence (AI)-driven chips. Notably, over the past year, AMD’s stock has surged nearly 150%, and the equity seems to be maintaining investor favor in 2024. Indeed, by press time, the stock had risen 28% year-to-date, trading…
CosMc’s, the drive-thru-only concept by fast food giant McDonald’s (NYSE: MCD) that opened in December 2023, has experienced increased traffic surpassing that of a typical restaurant chain owned by the parent company. In particular, data from the business insights platform Placer.ai indicates that CosMc’s witnessed over three times the foot traffic per square foot compared…
Amid the build-up to the United States’ 2024 presidential elections, investors are shifting their attention beyond the political rhetoric to focus on the performance of key economic sectors, particularly the stock market. Although the outcome of the polls and the overall impact on the stock market remain uncertain, several equities are in a prime position…
Given its admirable performance in 2023 and successes in navigating the broader electric vehicle (EV) market slowdown that sent some competitors like Lucid (NASDAQ: LCID) to all-time lows, Tesla (NASDAQ: TSLA) gave investors an unwelcome surprise with its 2024 decline. Indeed, Elon Musk’s car and technology company is, at press time, on its longest losing…
While the final quarter of 2023 was marked by optimism about what the start of 2024 could bring to both the stock and the crypto market, the first month of the new year has generally been a very mixed bag. Recent months have brought many dangers and uncertainties to the financial world, including the threat…
The stock price of Broadcom (NASDAQ: AVGO), the semiconductor and infrastructure software giant, recorded significant gains in 2023, rising by 100%, and it remains at the center of attention as investors ponder if it can replicate this movement in 2024. As 2024 progresses, AVGO has faced short-term headwinds aligning with the general stock market, with…
In 2023, ride-hailing platform Uber (NYSE: UBER) experienced a significant milestone as its stock price more than doubled. This surge was propelled by various factors during the post-pandemic recovery, driven by increased investor confidence. The company’s strategic expansion into new markets and introducing new product lines also played a pivotal role in solidifying its position…
The stock price of payment giant PayPal (NASDAQ: PYPL) continues to face significant pressure, losing considerable value as the new management strives to revive the company’s fortunes. The sell-off has recently accelerated, with the stock recording a notable 4% plunge within 24 hours from the last recorded price of $60.71. PYPL seven-day stock price chart….