10 AI News and Ratings That You Need To Take a Look At

7. Lucid Group, Inc. (NASDAQ:LCID)

Number of Hedge Fund Holders: 24

Lucid Group, Inc. (NASDAQ:LCID) develops and sells electric vehicles, powertrains, and battery systems with in-house software.

On March 17, Morgan Stanley upgraded Lucid (NASDAQ:LCID) from Underweight to Equal-weight while keeping its $3 price target and a $10 bull case. Analyst Adam Jonas sees potential in Lucid’s AI strategy and strategic alliances, especially in developing domestic EV manufacturing as a platform for AI integration. The firm believes risks are now more balanced, and upcoming earnings may not bring unexpected negative surprises. Leadership changes and Lucid’s ability to navigate geopolitical challenges could help secure capital and partnerships across both Western and Chinese markets, contributing to a more optimistic outlook.