ChaGPT4o determines Lucids price in case meme stock craze impacts LCID
Throughout 2024, the stock price of the premium electric vehicle (EV) manufacturer Lucid (NASDAQ: LCID) has been rather underwhelming. Despite a recent market rally, Lucid Motors’ stock price has struggled to keep up with competitors like Tesla (NASDAQ: TSLA). In fact, this year, LCID’s stock price has plummeted by more than 35%, failing to maintain its value above the yearly high of $4.15. As of the most recent market close on June 12, Lucid was trading at $2.68.
As Lucid shares continue to face challenges, there is speculation that the stock could follow the path of meme stocks like GameStop (NYSE: GME). This presents a short-term trading opportunity for speculators, with Lucid’s short interest currently at 28.31% as of June 13.
In light of the significant short interest in Lucid shares, Finbold consulted OpenAI’s ChatGPT-4o, the latest and most advanced artificial intelligence (AI) tool, to predict how Lucid Group stock might behave in the event of a short squeeze. The AI tool not
