Home Business & Finance After Ford Soars 44% on AI Fever, Traders Want Proof It’s Real
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After Ford Soars 44% on AI Fever, Traders Want Proof It’s Real

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After Ford Soars 44% on AI Fever, Traders Want Proof It’s Real Two months after Ford Motor Co. became the latest old-economy manufacturer to be swept up in the artificial-intelligence rally, investors are looking for proof the enthusiasm was justified. Shares of the Michigan-based carmaker surged 44% in May as investors bet its battery-storage business would benefit from soaring power demand for AI data centers.

After Ford Soars 44% on AI Fever, Traders Want Proof It’s Real Two months after Ford Motor Co. became the latest old-economy manufacturer to be swept up in the artificial-intelligence rally, investors are looking for proof the enthusiasm was justified. Shares of the Michigan-based carmaker surged 44% in May as investors bet its battery-storage business would benefit from soaring power demand for AI data centers. As the company prepares to report earnings after the bell Tuesday, they’ll be looking for updates on partnerships that confirm these expectations.
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Originally published by Bloomberg Technology Read original →