Trending Tickers: $HIMS FDA Pressure, $LCID CEO Change, and $AMZN Quantum Chip
This week, several stocks caught investors’ attention, driven by significant developments and market momentum. Here’s the breakdown of this week’s trending stocks:
Hims & Hers Health ($HIMS) Faces Regulatory Headwinds
Hims & Hers Health, Inc. (NYSE: HIMS), a telehealth platform offering prescription and over-the-counter medications for personal care, sexual health, mental health, and weight management, has experienced significant market volatility following recent FDA announcements.
FDA Semaglutide Announcement Impacts Business Model
On February 21, 2025, the FDA announced that the national shortage of Semaglutide injection products, which began in 2022 due to surging demand, has been resolved. Semaglutide is the active ingredient in Novo Nordisk’s (NVO) popular weight loss medications Wegovy and Ozempic.
This announcement directly impacts Hims & Hers, which had developed a revenue stream by offering compounded versions of these medications through its telehealth platform during the shortage period. With supply now stabilized, the FDA is expected to restrict or halt the sale of compounded versions, potentially eliminating a significant revenue source for the company’s weight management segment.
Stock Price Movement
Despite recently reporting impressive earnings and growth metrics, these regulatory developments and concerns about GLP-1 Future have overshadowed Hims & Hers’ financial achievements. The company’s stock has experienced dramatic declines, falling over 25% immediately following the FDA announcement and suffering an additional 22% drop on Tuesday.
Lucid Motors ($LCID) Announces CEO Transition
Lucid Motors ($LCID), the Silicon Valley-based EV company, announced a significant leadership change alongside its latest earnings report. Peter Rawlinson, who has served as both CEO and CTO, is stepping down from his executive roles and will transition to Strategic Technical Advisor to the Chairman. Marc Winterhoff, previously the company’s Chief Operating Officer, will take over as Interim CEO.
Rawlinson has been with Lucid for twelve years and played a central role in shaping the company’s engineering and design, particularly with the Lucid Air and the newly launched Gravity SUV. His departure marks a pivotal moment for the company, as it shifts leadership during a critical period of production expansion and financial challenges.
Winterhoff, who joined Lucid last year, previously worked at Roland Berger, a global consultancy, where he advised automotive companies on electrification strategies. His appointment suggests a strategic focus on operational efficiency and scaling production—two areas where Lucid has struggled to meet its ambitious early projections.
On the financial side, Lucid reported $807.8 million in revenue for 2024, reflecting a 36% year-over-year increase. The company delivered 10,241 vehicles in 2024 and set a production target of approximately 20,000 vehicles for 2025. However, these numbers remain well below the targets set during its 2021 SPAC deal, which projected 90,000 deliveries and over $9 billion in revenue for 2024.
Stock Price Movement
Following the announcement, Lucid’s stock dropped 14%, trading near all-time lows.
Amazon ($AMZN) Unveils “Ocelot” Quantum Computing Chip
Following Microsoft’s announcement of its Majorana 1 quantum computing chip last week, Amazon has officially entered the quantum computing chip industry with its own announcement. Amazon Web Services (AWS) introduced “Ocelot,” a new quantum computing chip designed to enhance error correction and reduce costs.
According to AWS, Ocelot can lower the cost of quantum error correction by up to 90%, making quantum computing more scalable and practical for real-world applications. The chip was developed at the AWS Center for Quantum Computing at Caltech and is described by the company as a significant step toward building fault-tolerant quantum computers.
Rising Competition in Quantum Computing
The competition in quantum computing is heating up, with all major tech giants now investing in the space. IBM, Google, Microsoft, and Amazon are developing their own quantum chips, alongside smaller quantum computing startups.
Stock Price Reaction
Amazon’s stock saw little movement following the announcement, as quantum computing remains a small part of the company’s overall business.
This article is for informational purposes only and is not investment advice or a solicitation to buy or sell securities. The content is based on publicly available information and reflects the author’s opinions as of the publication date, which may change without notice. All investments carry inherent risks, including the potential loss of principal, and past performance is not indicative of future results. Readers should conduct their own research or consult a financial advisor before making investment decisions. BBAE holds no position in the securities mentioned, nor are they compensated by the companies mentioned.
