Lucid leads Thursday's gainers as semiconductor stocks get hammered
As seen on the 24/7 Wall St. homepage on July 16, 2026.
Lucid jumped 8.4% to lead gainers while semiconductor names crashed, with SanDisk tanking 13.4% and Navitas sliding 12% at Thursday's close.
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Lucid (LCID) was the standout on the day, closing up 8.4% to $6.45 — a notable move for the EV maker whose shares trade in single digits. DocuSign added 4.4% to $53.42, while iQIYI and Fiverr International each gained more than 3.9%, and Realty Income rounded out the top five gainers with a 3.7% rise to $65.60.
The session's damage was concentrated in semiconductors and tech. SanDisk (SNDK) was the heaviest loser, dropping 13.4% to close at $1,398.21. Navitas Semiconductor fell 12.1% to $11.67, and Astera Labs shed nearly 9.8% to $316.30. Digital Turbine also took a hit, sliding 10.3% to $8.73.
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The breadth of the semiconductor selloff — spanning power chips with Navitas, storage with SanDisk, and connectivity infrastructure with Astera Labs — made it one of the more widespread single-session drops across the chip space. Lucid's gain stood in sharp contrast, though at $6.45 per share the stock remains well below levels that would signal a sustained recovery.