Ford Soars 25% in Two Days as AI Mania Spreads to Old Economy

Ford Motor Co. became the latest old economy manufacturing company to be swept up in the hype around artificial intelligence after the 122-year-old automaker’s pivot toward energy storage sent its stock surging.

The shares climbed as much as 10% Thursday in New York, pushing the two-day gain to 25%, the most intraday since March 2020. The shares briefly traded at the highest level since July 2023, having turned positive for the year.