Here's Why Lucid Stock Jumped 22%—Saudi Support

Benzinga01-23 01:42

Lucid Group, Inc. (NASDAQ:LCID) shares surged nearly 18% on Wednesday and continued to climb on Thursday following news of reinforced backing from the Middle East. Despite being largely overlooked by ...

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(NASDAQ:LCID) shares surged nearly 18% on Wednesday and continued to climb on Thursday following news of reinforced backing from the Middle East.\nDespite being largely overlooked by ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/01/50076900/lucid-stock-jumped-22saudi-support\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0106261372.USD","symbol_name":"SCHRODER ISF US LARGE CAP \"A\" ACC","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/01/50076900/lucid-stock-jumped-22saudi-support","article_id":"2605047416","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/01/22/Lucid-Air-Sapphire-Grand-Touring-Electri.jpeg?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/trading-ideas/movers/26/01/50076900/lucid-stock-jumped-22saudi-support","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2605047416","pubTimestamp":1769103720,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Lucid Group Inc's stock has gained more than 22% following news of continued backing from the Saudi PIF.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","LCID":"Lucid Group Inc","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","BK4022":"陆运","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4536":"外卖概念","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","UBER":"优步","BK4230":"旅客陆运","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4535":"淡马锡持仓","BK4505":"高瓴资本持仓","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4596":"哈里斯概念","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU1861214812.USD":"Blackrock Future of Transport A2 USD","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4588":"碎股","BK4550":"红杉资本持仓","SGXZ81514606.USD":"大华环球创新基金A Acc USD","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SG9999015978.USD":"利安颠覆性创新基金A","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU2360107325.USD":"BGF FUTURE OF TRANSPORT \"A4\" (USD) INC","BK4551":"寇图资本持仓","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD"},"translate_title":"这就是Lucid股价上涨22%的原因——沙特支持","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"LCID":1.5},"content_text":"Lucid Group, Inc. (NASDAQ:LCID) shares surged nearly 18% on Wednesday and continued to climb on Thursday following news of reinforced backing from the Middle East.\nDespite being largely overlooked by the media, a recent Cantor Fitzgerald report lifted Lucid shares after the EV maker hit a record low of $9.50 on Tuesday.\nCantor analysts met with representatives from the Saudi Public Investment Fund (PIF) to discuss the current partnership with Lucid. \nThe discussions confirmed that the Saudi sovereign fund maintains a firm stance on its financial involvement, according to an EV report.  \nCantor analyst Andres Sheppard emphasized that the PIF intends to maintain its backing, which suggests a level of stability that many startups in the sector lack.\n\"Historically, investors have wondered about the PIF's commitment and willingness to continue backing the company financially, which may have affected Lucid's valuation, in our opinion,\" Sheppard wrote, per EV.\"Following our conversations, we come away more encouraged, and we believe that the PIF remains committed to Lucid over the long term, which we see as material,\" he added. \nCantor's findings indicate that the partnership is not merely transactional but foundational. The PIF has invested more than $9 billion in Lucid over the years and owns more than 50% of the company. \nSheppard holds an optimistic view for the EV maker in the near term, with its robotaxi rollout to begin this year. \n\"LCID is planning to deploy >20,000 Lucid Gravity electric SUVs as Robotaxis over the next six years, and we expect initial rollout to start in 4Q26/1Q27,\" Sheppard wrote.\n\"Furthermore, we expect LCID to pursue and potentially announce additional autonomy partnerships throughout 2026,\" the analyst added.\nLucid's interim CEO Marc Winterhoff mentioned \"additional things\" related to robotaxi discussions could be announced at company's next Investor Day. \nCantor revealed that the event is now scheduled for March 12, 2026. \nInvestors will be watching to see if Lucid can add another robotaxi partnership like its deal with Uber Technologies, Inc. (NYSE:UBER) and with the autonomous vehicle startup Nuro.\nLCID Price Action: Lucid shares have gained more than 22% over the past two days to trade at $11.95 at the time of publication Thursday, according to Benzinga Pro. \nPhoto: VanderWolf Images from Shutterstock","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605047416","isCrawlerRequest":true}