US stocks surged | Faraday Future (FFAI.US) soared by over 16% and the company will launch a merger and acquisition plan.

According to the Wise Finance APP, on Monday, Faraday Future (FFAI.US) surged more than 16% to $1.22. In terms of news, after stepping down as CEO of Faraday Future in 2019, FF founder Jia Yueting has now been appointed as co-CEO. Jia Yueting revealed that FF will initiate a mergers and acquisitions plan to acquire high-value, cost-effective AI technology companies globally, as well as technology and AI companies related to the automotive ecosystem, in order to build a top global AI automotive ecosystem and to facilitate the company's capital value to return to its true value as soon as possible.