Lucid Group stock recovered 17% after the company strongly denied bankruptcy and going-private rumors that caused a 50% plunge the previous day. The company's chief legal officer issued a letter refuting the claims and threatened legal action against the publication. With $4.7 billion in liquidity but still unprofitable, investors will watch the Q2 earnings report on August 4 for signs of progress from the new Gravity SUV and Uber robotaxi partnership.

SpaceX completed a historic $85 billion IPO and surged 50% to $225 in early trading, but has since fallen below its $150 debut price. Historical analysis of major IPOs shows that 8 out of 10 major IPOs declined in their first year, with an average drop of 12%. Applying this trend to SpaceX suggests a $10,000 investment could be worth approximately $8,800 after 12 months, though the company's ambitious growth businesses in rockets, satellite internet, and AI could potentially break this historical pattern.

The Vanguard Information Technology ETF (VGT) has returned 23.3% in 2026, significantly outpacing the S&P 500's 10.3% return. The ETF's strong performance is driven by five trillion-dollar tech companies—Nvidia, Apple, Microsoft, Alphabet, and Amazon—which comprise 50.6% of its portfolio. While AI infrastructure demand remains strong, rising costs and customer concerns about spending sustainability present near-term risks.

The article identifies five undervalued stocks trading below $100 per share that appear cheap based on various valuation metrics. Stock prices referenced are from July 10, 2026.

Billionaire investor David Tepper has concentrated 56% of Appaloosa's $5.9 billion portfolio into six AI-focused companies. Two holdings (TSMC and Micron) provide critical AI infrastructure with exceptional demand and pricing power, while three others (Amazon, Alphabet, and Alibaba) are leading in AI applications through their cloud services with accelerating high-margin sales growth. Uber rounds out the six positions as an AI integrator in ride-hailing.

SpaceX's recent IPO, $60 billion acquisition of AI startup Cursor, and $25 billion bond issuance highlight a broader tech sector trend of massive AI infrastructure spending. Companies like Meta, Google, and Oracle are investing heavily in AI capabilities, but rising costs and uncertain ROI are causing market volatility and investor concerns about whether the spending is justified.

The New Civil Liberties Alliance filed an amicus brief with the U.S. Court of Appeals for the Second Circuit challenging New York City's Location Reporting Rules that require rideshare companies to provide precise location data on drivers and passengers to the Taxi and Limousine Commission without warrants. The NCLA argues this violates Fourth Amendment protections and that the for-hire vehicle industry does not qualify as 'closely regulated' enough to justify warrantless searches.

An investment analyst presents 12 top-ranked stocks to buy in July 2026, offering opportunities across semiconductor, growth, and dividend stock categories despite market volatility earlier in the year.

Adyen, a payments processing giant, has fallen 72% from its 2021 highs due to revised growth guidance, executive departures, and analyst downgrades. However, the article argues the stock may be undervalued for long-term investors, citing strong historical growth (37% annually since 2016), strategic acquisitions (Talon One and Orb), and a projected forward EBITDA multiple of just 11x based on 2028 targets.

Archer Aviation's stock has plummeted 71% from its $17.14 peak to under $5, falling short of production targets with only two test aircraft completed versus promised 10 in 2024. While the company faces disadvantages against competitor Joby Aviation in FAA certification and aircraft performance, it maintains a $6 billion backlog and support from investor Stellantis. Analysts project significant revenue growth from 2026-2028, and at 7x 2028 sales, Archer appears reasonably valued compared to Joby's 19x multiple, suggesting investors should wait for FAA certification rather than panic sell.

Uber's stock has risen on robotaxi optimism, but the company doesn't own the autonomous vehicles or self-driving technology powering its expansion. Instead, it operates as a platform aggregating partners' robotaxis. While this asset-light model could be advantageous if autonomy fragments across many operators, it poses risks if competitors like Waymo scale independently. Uber has committed over $10 billion to secure its own robotaxi supply through deals with Lucid and Rivian, though deployments won't materialize until 2026-2028.

The article recommends three EV stocks as buying opportunities: Rivian, expected to boost deliveries with its cheaper R2 SUV; BYD, which surpassed Tesla as the world's largest EV maker with strong growth prospects; and Joby Aviation, developing electric aircraft with major backing from Toyota, Delta, and Uber, pending FAA certification.