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-0.000271591526344324 -0.000271591526344324 0.00298750678978814 0.00135795763172201 0.000543183052688841 0.000543183052688841 0.000543183052688841 0.000543183052688841
Stock impact report

Why Are Rivian (RIVN) Shares Soaring Today [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
autonomous driving technology, including a proprietary AI chip, during its inaugural Autonomy & AI Day. The new in-house chip, named the Rivian Autonomy Processor, was designed to power its future self-driving features, replacing processors from Nvidia in upcoming vehicles. By developing its own custom silicon, the company aimed to reduce dependence on outside suppliers. Rivian also unveiled a new paid driver-assistance package called Autonomy+, priced at $2,500 as a one-time payment or $49.99 per month, which was significantly below the cost of Tesla's competing system. Following the announcements, analysts reacted positively, with brokerage Needham and Co raising its price target on the stock by 64% to $23 per share. Is now the time to buy Rivian? Access our full analysis report here Rivian's shares are extremely volatile and have had 32 moves greater than 5% over the last year. But moves this big are rare even for Rivian and indicate this news significantly impacted the marke Show less Read more
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