Lucid Group (LCID) Soars 20% on International Expansion

We recently published 10 Big Names Leaving Wall Street Behind; 7 Are Hitting Record Highs. Lucid Group Inc. (NASDAQ:LCID) was one of the worst performers on Wednesday.

Lucid Group soared by as much as 19.6 percent on Wednesday to hit $11.64 at intra-day trading, as investors took heart from its planned manufacturing expansion in Saudi Arabia.

At market close, the stock trimmed gains to finish up by 17.88 percent at $11.47 apiece.

In a statement, Rockwell Automation said that it sealed a deal with Lucid Group Inc. (NASDAQ:LCID) for the deployment of its enterprise software solutions, including its FactoryTalk manufacturing execution system software, to manage and optimize production operations across the latter’s general assembly, paint, stamping, body, and powertrain operations.

The FactoryTalk MES platform would also provide Lucid Group Inc. (NASDAQ:LCID) with real-time visibility, traceability, and control across its operations, helping enable production of the company’s future midsize vehicles.

“Lucid’s adoption of FactoryTalk MES is a strategic move that will deliver measurable outcomes in operational efficiency, quality, and scalability,” said Rockwell Automation country head for Saudi Arabia Ahmad Haydar.

“Our software will help Lucid meet its ambitious production goals while ensuring seamless integration with global supply chains and compliance with local standards,” he added.

In other news, Lucid Group Inc. (NASDAQ:LCID) is set to announce the results of its earnings performance for the full year and fourth quarter of 2025, after market close on February 24, 2026.

While we acknowledge the potential of LCID as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.