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Stock impact report

Rivian's Stock Pops 15% Friday. The EV Maker Is Leaning Into Autonomy and AI [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
The move higher came even as worries about an AI bubble weighed on other stocks exposed to the technology. Are investors ready to buy into Rivian's vision for its autonomous vehicles and AI? Shares of the electric vehicle maker were up about 15% in recent trading, erasing yesterday's losses after an "Autonomy & AI Day" event where Rivian ( RIVN ) announced a custom AI chip and plans to roll out enhanced self-driving software. The move higher Friday came during a down day for broader markets as worries about an AI bubble continued to pressure shares of big AI names such as Broadcom ( AVGO ) and Micron Technology ( MU Rivian said Thursday it will soon issue an update to its second-generation R1 vehicles that will expand the ability for hands-off driving to more than 3.5 million miles of roads in the U.S. and Canada, compared to under 150,000 miles previously. That would bring Rivian closer to Tesla's ( TSLA ) base Autopilot system in covering most roads in the U.S., Barclays anal Show less Read more
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