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Renault Shares Plunge 8% After CEO Luca de Meo’s Exit; Market Eyes Successor
The sudden departure of Luca de Meo as CEO of Renault $RNO.PA has sent shockwaves through financial markets, prompting a sharp drop in the automaker’s stock and igniting speculation about the group’s future leadership and strategic direction. De Meo, credited with spearheading the company’s turnaround efforts under the "Renaulution" plan, will assume the CEO position at Kering $KER.PA, the French luxury conglomerate. His exit marks a pivotal transition point for Renault as it navigates complex challenges in electrification, software-defined vehicles, and geopolitical supply chain risks.
Ethereum Consolidates Between $2400–$2800 Amid Rising Geopolitical Tensions
Ethereum $ETHUSD remains locked in a volatile consolidation range, trading between $2400 and $2800, as heightened geopolitical risks stemming from the ongoing Israel-Iran conflict continue to weigh on global investor sentiment. The second-largest cryptocurrency by market capitalization has failed to sustain momentum above key resistance levels, underscoring weak risk appetite and a cautious outlook in the digital asset space.
AMD Stock Rallies 9% as Piper Sandler Raises Price Target Amid GPU Recovery Expectations
Advanced Micro Devices, Inc. $AMD saw its stock price surge nearly 9% on Monday, following an upgraded price target from Piper Sandler. The upward revision reflects growing investor confidence in AMD’s next-generation graphics processing units (GPUs), as well as improved visibility regarding regulatory-related costs stemming from new U.S. export licensing rules. Analysts anticipate that AMD will absorb the majority of its expected $800 million regulatory expense in Q4 2025, paving the way for operational normalization in early 2026.
Exciting times ahead for the automotive industry as tech giants join forces to drive innovation!
This partnership could redefine automotive innovation in China, blending luxury with cutting-edge technology.