Rivian’s inaugural Autonomy & AI Day catalyzed a significant upward move, with the stock surging 12% on heavy volume. The initial reaction to the event was negative, with the stock closing down the prior day. However, a wave of bullish analyst commentary seemingly shifted sentiment aggressively. But with the stock reaching a near two-year high, is this a sustainable rerating or a speculative chase fueled by AI hype?SOUTH SAN FRANCISCO, CALIFORNIA - AUGUST 08: A Rivian electric truck sits parked in front of ...

Electric vehicle companies such as Rivian must adjust to the new political reality. While the Biden administration was extremely pro-EV, the Trump administration has been the opposite. President Donald Trump's signature economic agenda this year ended the $7,500 EV tax credit that helped boost sales for years. EV makers with record-setting Q3: Ford: 85,789 hybrid, PHEV, and BEV sales, +20% General Motors: 66,501 EVs in Q3, YTD 144,668, +105% Tesla: 497,099 deliveries, +7.3% And while the near-ter ...

We recently published 10 Big Names Leaving Wall Street in the Dust; 4 at Fresh Highs. Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the best performers on Friday. Rivian Automotive saw its share prices jump to a new 52-week high as investors took heart from its artificial intelligence and automation ambitions. At intra-day trading, the stock soared to as high as $19.60 before paring gains to end the day just up by 12.11 percent at $18.42 apiece, marking a recovery from the two previous days’ losses. R ...