Ford (F.US) 45% gain wiped out: AI "windfall" expectations fizzle, stock falls below $12

Zhito Finance App has learned that, as the economic pressure facing U.S. automakers intensifies and market expectations cool that Ford Motor (F.US) will reap substantial returns from the AI boom, Ford's previous sharp rally has been completely erased. Shares of the Michigan-based automaker fell as much as 2.8% on Wednesday before paring losses. The intraday decline pushed the stock below $11.99 for the first time since May, wiping out the last remnant of a 45% gain earlier this year, when investors rushed in to bet that its battery energy storage business would strike lucrative deals with artificial intelligence companies.