Lucid (LCID) jumps 24% at the close while Dell and Applied Optoelectronics sink
As seen on the 24/7 Wall St. homepage on July 15, 2026.
Lucid surged 24% at the close while Dell and Applied Optoelectronics each dropped over 11% as tech weakness collided with electric vehicle optimism.
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Lucid Group was the standout mover of the session, with LCID closing up 24.13% to $5.74. On the losing end, Applied Optoelectronics fell 13.45% to $108.58 and Dell Technologies dropped 11.13% to $406.60, with Rubrik also sliding 9.73% to $79.48 as selling pressure hit the tech space.
Among the other gainers, Bill Holdings rose 7.54% to $44.49, Hims & Hers added 5.23% to $36.99, fuboTV climbed 4.82% to $10.00, and Opendoor Technologies picked up 4.07% to $4.74. The breadth of gains outside tech underscored how uneven the session's action was across sectors.
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The divergence on July 15 painted a clear picture of two competing forces: electric vehicle optimism lifting names like Lucid while a wave of tech weakness dragged down hardware and optical networking stocks. Investors watching these names will want to see whether the selling in Dell and Applied Optoelectronics deepens or stabilizes in the sessions ahead.