Group 1: Hong Kong Stocks - Oriental Selection (01797) surged over 14% with the upcoming launch of a second sanitary napkin product, indicating growth potential in self-operated products [1] - AI application stocks rose in early trading, with Kingsoft Cloud (03896) and Innovation Works (02121) both up over 11%, and other companies like Kintor Pharmaceutical (01860) and Kingdee International (00268) also showing gains [1] - Yao Cai Securities (01428) increased over 8% as Ant Group actively develops stablecoins in Hong Kong, enhancing the prospects for Yao Cai's virtual asset business [1] - Meitu (01357) saw a rise of over 7% during trading, with institutions optimistic about the company's performance potential due to AI Agent product validation [1] - Jinli Permanent Magnet (06680) initially rose over 8%, with a projected net profit increase of up to 180% year-on-year for the first half of the year, as institutions reassess the value of rare earth strategic metals [1] - NIO-SW (09866) increased over 4% as the pre-sale price of the L90 model exceeded expectations, with Morgan Stanley forecasting monthly sales to surpass 5,000 units [1] - Guoquan (02517) rose over 11% following an earnings forecast, expecting a net profit of approximately 180 million to 210 million yuan for the first half of the year, a year-on-year increase of about 111%-146% [1][2] Group 2: US Stocks - PepsiCo (PEP.US) rose 7.45% after Q2 earnings exceeded expectations, with EPS at $2.12, surpassing the forecast of $2.03, and revenue growing 1.0% year-on-year to $22.73 billion [3] - Lucid (LCID.US) soared 36.24% as it announced a partnership with Uber to launch a self-driving taxi fleet [3] - Abbott (ABT.US) fell over 8% due to Q3 guidance falling short of expectations and a downward revision of the annual profit forecast [3] - AI application software stocks saw gains, with Unity Software (U.US) rising over 12% at one point, and other companies like SoundHound AI (SOUN.US) and AppLovin (APP.US) also increasing [3] - Taiwan Semiconductor Manufacturing Company (TSM.US) rose 3.38%, achieving a record high with Q2 EPS of $2.47, exceeding the forecast of $2.39, and revenue growing 44.4% year-on-year to $30.07 billion [4] - Oracle (ORCL.US) increased 3.09%, reaching a new high as it announced a $3 billion investment in AI and cloud infrastructure in Germany and the Netherlands over the next five years [4] - BigBear.ai Holdings (BBAI.US) rose 15.45% ahead of its earnings report, with expectations of a loss of $0.07 per share but revenue projected to reach $40.99 million, a year-on-year increase of 3.04% [4] Group 3: Drone and Streaming Stocks - Drone-related stocks strengthened, with Palladyne AI (PDYN.US) rising 31.4% and Joby Aviation (JOBY.US) increasing 8.51% amid U.S. Department of Commerce investigations into drone systems and key solar materials [5] - Netflix (NFLX.US) saw a slight decline of over 2% after reporting Q2 revenue of $11.079 billion, slightly above the forecast, but underperformed in the APAC and LATAM regions [5]

Partnerships - Lucid 宣布与 Uber 和 Nuro 建立 robotaxi 合作伙伴关系 [1] Stock Performance - Lucid shares soared Thursday after the announcement [1]

Core Insights - Lucid Group's shares surged 36.2% to close at $3.12, marking one of its strongest single-day performances of the year due to a partnership with Uber and a reverse stock split announcement [1] Group 1: Partnership and Strategic Initiatives - Lucid Group announced a partnership with Uber involving a $300 million commitment to deploy 20,000 Lucid Gravity SUVs as robotaxis starting in 2026, which could provide a new revenue stream [1] - The company filed for a 1-for-10 reverse stock split aimed at boosting share price and attracting institutional investors [1] Group 2: Market Performance - The stock's performance significantly outpaced broader market indices, with the Nasdaq Composite rising 0.74% and the S&P 500 gaining 0.54% on the same day [2] - Trading volume reached 934.5 million shares, nearly seven times the 50-day average of approximately 137.7 million shares, indicating strong market response to Lucid's initiatives [3] Group 3: Competitive Landscape - Lucid's stock movement was specific to the company, as competitors like Tesla dipped 0.7% and Rivian gained only 4.1% [2] - The significant distance from its 52-week high of $4.43 reflects ongoing investor revaluation of Lucid's prospects in the competitive electric vehicle market [3]

Partnership & Investment - Uber has invested several hundred million dollars in Nuro, holding a standard equity stake, indicating strong confidence in the partnership and program [2][3] - Lucid is receiving a $300 million investment from Uber [1][2] Technology & Product - Nuro's driver hardware component (sensor and compute) is being integrated into Lucid's vehicles on the production line [1] - Nuro's technology stack, including a sensor suite designed by Nuro using automotive-grade off-the-shelf sensing, is being integrated into Lucid vehicles [11] - Nuro has shifted its focus from vertically integrated delivery services to licensing its AI-driven self-driving technology for passenger transportation [13][14] - NVIDIA's SOC (System on a Chip) powers the compute for Nuro's Robotaxi platform, simplifying compute and reducing costs [6][7][8] Production & Deployment - Lucid is expected to manufacture 20,000 Gravity SUVs for Uber over a six-year period, starting in late 2026 [9] - Nuro has been operating fully driverless vehicles on public roads for over five years [10] - Nuro achieved rapid prototype development with the Lucid platform, completing the first prototype in approximately seven weeks [11]

Core Insights - Lucid Group Inc (NASDAQ:LCID) shares surged by 38.8% to $3.18 following the announcement of a $300 million investment from Uber Technologies (UBER) for a robotaxi deal [1] - Uber will acquire and deploy over 20,000 Lucid Gravity SUVs with autonomous vehicle capabilities over a six-year period starting in 2026 [1] Group 1: Lucid Group Inc (LCID) - LCID is experiencing its best single-day percentage gain since January 2023, trading at its highest level since February, with a 32.3% increase over the past three months, but still has a 16.8% year-over-year deficit [3] - Options activity for LCID is significantly high, with overall volume running at 16 times typical levels, and the most popular option being the July 3.50 call [6] Group 2: Other EV Companies - Nio Inc (NYSE:NIO) shares rose by 6.9% to $4.39, marking its highest level since March, but it has seen a 14.6% decline over the last nine months [4] - Xpeng Inc (NYSE:XPEV) shares increased by 2.3% to $18.34, with a 55.3% gain for 2024 and an impressive 113.4% year-over-year gain, supported by the 160-day moving average [5] - NIO and LCID are also seeing increased options activity, with NIO's weekly 7/25 5-strike call leading the way [6]

So, what does this deal say about Uber, Lucid, EVs, and more. Mark Fields, former president and CEO of Ford Motor Company, also CBC contributor, joining us now. Mark, your take on this deal.Well, it's obviously it's a much bigger deal for Lucid than it is for Uber. And and Brian, what you're seeing with Uber is they're spreading their bets, right. They've announced this partnership today where you know Lucid's going to provide the cars, Uber's going to provide the ride hailing network and Neuro the self-dri ...

Core Insights - Uber has announced a global robotaxi program in partnership with Lucid and Nuro, aiming to integrate autonomous driving technology with its ride-sharing platform [1][2] - The initiative will initially launch in a major US city and is expected to expand globally, deploying over 20,000 Lucid vehicles within six years [2] - Uber plans to invest multi-hundred-million dollars into both Lucid and Nuro as part of this collaboration [3] Company Partnerships - The partnership combines Uber's ride-sharing capabilities with Lucid's electric SUV, the Gravity, and Nuro's autonomous driving technology [2] - Uber has existing partnerships with 18 autonomous vehicle companies, including Waymo, Avride, Aurora, and May Mobility, indicating a strong commitment to expanding its autonomous vehicle offerings [3][4] Industry Impact - Uber's CEO highlighted the transformative potential of autonomous vehicles for urban environments, emphasizing the goal of making autonomous driving accessible to a broader audience [4] - The collaboration with established ride-hailing services like Uber is seen as a strategic move to scale robotaxi services and lower entry barriers for consumers [5]

Core Viewpoint - Lucid Group's stock surged by 40.2% following the announcement of a significant partnership with Uber for robotaxi initiatives, indicating strong market interest and potential growth opportunities for the company [1][2]. Group 1: Partnership and Investment - Uber Technologies has chosen Lucid as a primary vehicle provider for its robotaxi program, planning to purchase vehicles from Lucid and utilize autonomous software from Nuro [2]. - As part of the partnership, Uber has invested $300 million in Lucid, enhancing its financial backing and signaling confidence in Lucid's future [2]. Group 2: Production and Market Strategy - Lucid's long-term success is contingent on its ability to scale vehicle production and delivery to achieve economies of scale and positive margins on electric vehicles [4]. - Uber aims to deploy over 20,000 Lucid vehicles equipped with its robotaxi software within the next six years, which could significantly boost demand for Lucid's vehicles [4]. Group 3: Future Developments - The launch of Uber's Lucid robotaxis is scheduled for next year in a major U.S. city, which is expected to act as a strong demand catalyst for Lucid [5]. - Lucid has filed with the SEC to proceed with a 1-for-10 reverse stock split, a move that may impact its stock structure and investor perception [5]. Group 4: Financial Backing and Market Sentiment - The Saudi Arabian Public Investment Fund remains Lucid's largest shareholder, providing essential operating capital as the company navigates significant losses while scaling operations [6]. - The partnership with Uber is viewed as a positive buy signal for Lucid stock, especially for investors considering entering the market [6].

Core Insights - Uber has announced a strategic alliance with Lucid Group and Nuro to develop a high-end robotaxi service, planning to launch it in the second half of 2026 [1][4] - Uber will invest several hundred million dollars in this partnership, including a $300 million investment in Lucid, aimed at integrating Nuro's autonomous driving technology into Lucid's Gravity SUV [1][5] - Following the announcement, Lucid's stock surged, reflecting market optimism about the robotaxi market's potential [2][8] Group 1: Partnership Details - Uber plans to purchase at least 20,000 Lucid Gravity SUVs equipped with Nuro's autonomous driving technology over the next six years [1][5] - The first vehicles are expected to be deployed in an undisclosed major U.S. city in late 2026 [5][6] - Lucid's temporary CEO stated that the choice of Lucid's SUV was due to the ability to integrate necessary hardware directly at the factory [6] Group 2: Strategic Shift - This partnership signifies a shift in Uber's strategy from developing autonomous driving technology in-house to collaborating with specialized companies [4][7] - Uber has established partnerships with over ten autonomous technology developers and automakers, including Waymo and Volkswagen [7] - The current CEO has indicated that Uber is leveraging its investments in companies like Aurora Innovation to fund future autonomous ecosystem investments [7] Group 3: Market Context - The robotaxi market is becoming increasingly competitive, with Tesla and Waymo expanding their services [8] - Lucid aims to increase production and delivery of its vehicles, targeting a production of 20,000 units by 2025, more than double the previous year's output [8] - Lucid's stock has seen a significant decline of 95% since its peak during the pandemic, facing challenges from price wars and weak demand in the electric vehicle sector [8]

Company Performance - GE Aerospace reported better-than-expected second-quarter 2025 results with adjusted revenue of $10.2 billion, a 23% year-over-year increase, and GAAP revenue of $11.02 billion, a 21% increase, surpassing the consensus estimate of $9.57 billion [2] - Adjusted EPS for the quarter was $1.66, reflecting a 38% year-over-year increase, beating the consensus of $1.41 [2] - GE Aerospace now expects 2025 adjusted revenue growth in the mid-teens, up from prior low double digits, and adjusted EPS of $5.60 to $5.80, compared to the previous range of $5.10 to $5.45, against a consensus of $5.57 [3] Market Movements - Volcon, Inc. shares surged 204% to $28.07 after announcing a $500 million private placement aimed at acquiring Bitcoin as its primary treasury reserve asset [8] - Lucid Group, Inc. shares increased by 30% to $2.9850 following the announcement of a global robotaxi program in collaboration with Nuro and Uber [8] - Monarch Casino & Resort, Inc. shares rose 17% to $102.17 after reporting better-than-expected second-quarter financial results [8] - LQR House Inc. shares dropped 42% to $6.22 due to a lawsuit regarding breach of fiduciary duty [8] - GameSquare Holdings, Inc. shares fell 29% to $1.6393 after announcing a $70 million public offering [8]