Business / Economy / Investing
Add as a preferred source on GoogleThe PIF owns more than 65 percent of Newark, California-based Lucid, which delivered 4,369 vehicles last year.
Lucid Group's shares surged 43 percent on Friday after it was speculated that Saudi Arabia's Public Investment Fund (PIF) wanted to buy it out.
The speculation originated from the website Betaville.
The luxury electric carmaker was the third top mover on the Nasdaq mid-afternoon.
The PIF owns more than 65 percent of Newark, California-based Lucid, which delivered 4,369 vehicles last year.
Tiger Pistol’s advertising platform has been in the market for more than 15 years. Robots & Pencils said clients may have new capabilities live within 30 to 45 days, but gave no rollout date or financial terms.
Customers had committed $32 billion, mostly in cash deposits, under the agreements, Micron said at its Sept. 30 earnings call.
Preliminary net sales were $4.134 billion, and the company left its full-year 2026 guidance in place.
