Stock Markets See Mixed Performance, While Lucid Group Surges After Saudi Investment

Digital World Acquisition sees 30% increase as Wall Street experiences minor drops

Wall Street saw slight declines at 20:15, with the Nasdaq trading around fundamental levels, the Dow Jones down 0.4%, and the S&P 500 down 0.2%. Notable stock movements included Digital World Acquisition jumping by about 30% due to an upcoming merger with Donald Trump’s social network, and Super Micro Computer’s stock increasing by 10% after JP Morgan upgraded their recommendation on the stock.

In Europe at 19:10, the DAX rose 0.3%, while the KAC traded around base levels, and the British FTSE fell by about 0.2%. In a notable development, electric car manufacturer Lucid Group’s stock surged after a Saudi government fund invested NIS 1 billion in the company. This investment is part of Saudi Arabia’s efforts to diversify its economic dependence on oil.

Camtech announced a new order worth approximately $25 million from a tier-1 manufacturer of HBM components for testing and measuring broadband memory components. This comes as high-performance computing applications, including HBM, are expected to see significant growth in the coming years.

Two investment houses published optimistic forecasts for the S&P 500 index, with Oppenheimer raising its forecast to 5,500 and Goldman Sachs increasing its forecast to 6,000 driven by large technology stocks. Boeing’s CEO announced his resignation amidst ongoing issues with the company’s planes.

In a global context, China implemented new guidelines to block American processors from Intel, AMD

Sophia Reynolds

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