GM is trading at $78.94 (+4.13%) as broad market optimism and strong corporate earnings outweigh negative news regarding its EV production plans.
- Shares are climbing alongside a wider market rally, with the S&P 500 up 0.88% and Nasdaq gaining 1.10% following Cisco's 14.6% surge and positive sentiment from the Trump-China summit.
- The upward momentum persists despite reports that GM is pausing its $3.5 billion Samsung battery plant joint venture due to cooling demand for electric vehicles.