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Stock impact report

Analysts recharge Rivian price target after earnings [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Related: Analysts revisit Apple stock price targets after earnings While Apple never confirmed that it was looking to get into the car business, the iPhone maker was sure acting that way, as it hired automobile industry executives and acquired a self-driving car company. Bloomberg first reported that many employees working on the project were to be moved to the company's artificial intelligence division. The move came at time when EV sales were disappointing and several carmakers were pulling back on investments and cutting prices. Meanwhile, AI was quickly becoming the dominant force in the tech world and Apple wanted to keep up with the ever-changing times. And that looked like the end of the road for Apple's automotive aspirations. But maybe not. DigiTimes reported on May 7 that there is “speculation among supply chains” that Apple is investigating teaming up with an EV startup. Although it is “uncertain what form such a collaboration could take,” the report indicate Show less Read more
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