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Stifel Keeps Hold Rating on Lucid (LCID) After Investor Day

Lucid Group, Inc. (NASDAQ:LCID) is one of the 10 Best Car Stocks to Buy in 2026. On March 16, Stifel reiterated its Hold rating on Lucid Group, Inc. (NASDAQ:LCID) with a price target of $17 after the company’s Investor Day presentation, where the company shared updates about its Midsize platform and autonomous driving capabilities.

Lucid Group, Inc. (NASDAQ:LCID) expects the EV market to grow about 3.5 times by 2035 compared to 2025 levels, which reflects a compound annual growth rate of 15%. The company’s Midsize platform is also expected to increase its addressable market from about $40 billion today to about $350 billion by 2030. Additionally, Lucid Group, Inc. (NASDAQ:LCID) shared a roadmap targeting Level 4 autonomous driving capabilities by 2029.

The company’s management confirmed its production target for 2026, expecting to produce between 25,000 and 27,000 units. Lucid Group, Inc. (NASDAQ:LCID) also aims to achieve positive gross margins in the mid-term and free cash flow generation by the end of the decade.

Stifel pointed out that rising oil prices could boost demand for electric vehicles in the United States.

Lucid Group, Inc. (NASDAQ:LCID) is an American automotive and technology company that manufactures luxury electric vehicles using its proprietary technology and software-defined vehicle architectures.

While we acknowledge the risk and potential of LCID as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LCID and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best American Bank Stocks to Buy According to Wall Street Analysts and 10 Best AI Stocks to Buy for the Next 10 Years.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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