The Zhitong Finance App learned that due to increased economic pressure on US car companies and the cooling of market expectations for Ford Motor Company (F.US) to get rich returns from the AI boom, Ford's previous sharp rise has evaporated. Shares of the Michigan-based automaker fell 2.8% on Wednesday, then narrowed the decline. The intraday decline drove the stock below $11.99 for the first time since May, erasing the last remnant of the 45% increase earlier this year. Investors flocked in at the time, betting that its battery energy storage business would reach a lucrative deal with an artificial intelligence company.

The Zhitong Finance App learned that due to increased economic pressure on US car companies and the cooling of market expectations for Ford Motor Company (F.US) to get rich returns from the AI boom, Ford's previous sharp rise has evaporated. Shares of the Michigan-based automaker fell 2.8% on Wednesday, then narrowed the decline. The intraday decline drove the stock below $11.99 for the first time since May, erasing the last remnant of the 45% increase earlier this year. Investors flocked in at the time, betting that its battery energy storage business would reach a lucrative deal with an artificial intelligence company.