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Stock impact report

Why Rivian (RIVN) Stock Just Crashed [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
The update came as the stock fell more than , part of a wider pullback in AI-linked names. Warning! GuruFocus has detected 9 Warning Sign with GM. Is GM fairly valued? Test your thesis with our free DCF calculator. Executives said the company has developed a new in-house processor designed to offer roughly four times the computing power of its current system, replacing earlier chips supplied by Nvidia ( NASDAQ:NVDA ). The move echoes Tesla's ( NASDAQ:TSLA ) effort to design its own AI hardware. Rivian plans to add lidar, a laser-based sensor used to map surroundings, to its upcoming R2 midsize SUV arriving in 2025. The system will join additional cameras and radars in an effort to bolster safety and support Rivian's next wave of driver-assistance features. CEO R.J. Scaringe said Rivian expects hands-off, eyes-on driving to expand to more than 3.5 million roads by year-end. The company aims to introduce point-to-point navigation in 2025, followed later by eyes-off capability Show less Read more
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