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Shares of Lotus Technology closed up 2% in their Nasdaq debut on Friday, recouping earlier losses, after the luxury electric car maker completed its merger with a blank-check acquisition company...
NEW YORK (Reuters) -Shares of Lotus Technology closed up 2% in their Nasdaq debut on Friday, recouping earlier losses, after the luxury electric car maker completed its merger with a blank-check acquisition company backed by private equity firm L Catterton. The American Depositary Shares, which began trading with the new ticker "LOT", ended at $13.80 after falling as low as $10.12. Lotus Technology was valued at about $7 billion in the deal with L Catterton Asia Acquisition Corp (LCAA), the SPAC backed by L Catterton.
Shares in Super Micro Computer Inc were down almost 12% on Friday after hitting a record high earlier in the session and closing Thursday's session up more than 250% for the year-to-date as investors have been betting on the stock as a big beneficiary of strong artificial intelligence technology demand. Wells Fargo analyst Aaron Rakers started covering the stock on Friday with an equal weight rating, saying the shares were already discounting "solid upside". "SMCI's AI-fueled fundamental momentu
Shares in Super Micro Computer Inc finished down 20% on Friday after hitting a record high earlier in the day as investors took a break after betting on the stock as a big beneficiary of strong...
:Shares in Super Micro Computer Inc finished down 20 per cent on Friday after hitting a record high earlier in the day as investors took a break after betting on the stock as a big beneficiary of strong artificial intelligence technology demand.After hitting a new record high of $1,077.87 early in Friday's se