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0 -0.00154679040989933 -0.00812580562000509 -0.0123588553750966 -0.00972931167826745 0.00128899200824966 -0.00405774684196946 -0.00515596803299809
Stock impact report

Why Rivian (RIVN) Stock Is Up Today [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
inaugural "Autonomy & AI Day," where it revealed plans for a custom-designed processing chip and a new subscription service for its self-driving features. The electric vehicle maker announced it was developing its own proprietary chip, the Rivian Autonomy Processor, reducing its reliance on outside suppliers. This move signaled a strategic shift toward making more of its own key technology. The company also unveiled a new subscription service called 'Autonomy+' for its hands-free driving package, creating a new stream of revenue. This service was priced at a $2,500 one-time fee or $49.99 per month. Following the event, several analysts expressed increased confidence in the company's strategy, with some raising their price targets on the stock. After the initial pop the shares cooled down to $19.28, up 4.4% from previous close. 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 Show less Read more
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