These 2 Nasdaq Stocks Made Big Moves Wednesday
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been incredibly strong lately, leading the rest of the stock market in a solid bull market rally. That continued on Wednesday, with the Nasdaq rising 100 points as of 11:30 a.m. EDT and moving toward a potential new all-time high.
A couple of Nasdaq stocks stood out for their performances early in the session. Ambarella (NASDAQ: AMBA) reported its latest earnings results and made investors quite happy with the progress the business has made. Meanwhile, Lucid Group (NASDAQ: LCID) moved sharply lower, although many believe that the drop could well be temporary. You'll find more details below.
Shares of Ambarella surged more than 20% higher on Wednesday morning. The maker of semiconductor chips has embraced the full potential of artificial intelligence, and that has made a huge difference in its financial results and its prospects.
Source Fool.com
