Lucid Group, Inc. (LCID) saw a 14% surge on Friday as investors engaged in bargain-hunting following a six-day decline. The company implemented a reverse stock split at a ratio of one-for-ten to boost its share price. Without the split, LCID was hovering around the $1 mark. In other news, Lucid successfully raised $300 million from Uber Technologies Inc. for vehicle deployment. Despite LCID’s potential, some AI stocks offer higher returns with limited downside risk. For more information on AI stocks, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Lucid (LCID) Group Surges 14% on Bargain-Hunting