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HomeFinanceWhy did Lucid stock surge on Friday? Reported Saudi interest (NASDAQ:LCID)

Why did Lucid stock surge on Friday? Reported Saudi interest (NASDAQ:LCID)

Lucid Air Electric Car

hapabapa/iStock Editorial via Getty Images

Lucid Group (NASDAQ:LCID) stock shot up over 40% on Friday after a report that the Saudi sovereign wealth fund may be taking a stake.

The Saudi Public Investment Fund is formulating a plan to


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