Latest news with #RivianAutomotiveInc
Yahoo
22-05-2025
- Automotive
- Yahoo
Samsara Inc (IOT) Partners with Rivian Automotive (RIVN) to Enhance Electric Fleet Management
On May 21, Samsara Inc. (NYSE:IOT) announced a partnership with Rivian Automotive Inc. (NASDAQ:RIVN) to streamline electric fleet management. The partnership is aimed at simplifying electric fleet management for commercial customers through integrating Rivian's vehicle data with Samsara Connected Operations Platform. A data analyst wearing virtual reality goggles while analyzing on-board telematics. Rivian Automotive, Inc. (NASDAQ:RIVN) is an American electric vehicle manufacturing company that also sells accessories related to electric vehicles. Whereas Samsara Inc. (NYSE:IOT) is a technology company specializing in Internet of Things (IoT) solutions that connect physical operations data to its Connected Operations Cloud platform. As part of the partnership, platform users, particularly fleet managers, would be able to use Rivian's vehicle data. This includes GPS location, odometer readings, battery state of charge, speed, mileage, and seatbelt usage. Thereby allows fleet managers to track real-time insights into vehicle location, condition, and usage. The solution is designed to support fleets of any size, from small businesses to large enterprises, and can be activated immediately, ensuring a smooth onboarding process for new or expanding fleets. While we acknowledge the potential of IOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IOT and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None
Yahoo
28-04-2025
- Automotive
- Yahoo
Jim Cramer Says You Should Stay Away from Rivian Automotive Inc (NASDAQ:RIVN)- Calls It ‘Horrible'
We recently published a list of . In this article, we are going to take a look at where Rivian Automotive Inc (NASDAQ:RIVN). stands against other top buzzing stocks you should watch today. Jim Cramer in a recent program on CNBC expressed surprise that the Republican administration could be this damaging to shareholders 'These are hideous depressing days for the bulls. I'm not used to seeing a White House that doesn't seem to care that it's causing the decline. It's dazzlingly counterintuitive to see a Republican in particular be so callous toward the shareholder class. After all historically that constituency has been very pro-Republican. It's a total blast zone out there and ground zero is tech.' Cramer said that the tech selloff forced him to revisit his age-old mantra of 'own it, don't trade it' regarding two major technology stocks. READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In. For this article, we picked 10 stocks Wall Street analysts are paying close attention to. With each company, we have mentioned its latest hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A state-of-the-art electric vehicle charging at a station at a suburban mall. Number of Hedge Fund Investors: 31 Jim Cramer was recently asked about Rivian Automotive Inc (NASDAQ:RIVN). He recommended investors stay away from the stock: 'Go test drive one. Don't own the stock. I really don't have that much more to say about it, 'cause I do think that they went through so much money that it is daunting. How about that? Daunting is a nice word. I'm looking at my research director, and he knows when I say daunting, what I really mean is horrible.' Overall, RIVN ranks 10th on our list of top buzzing stocks you should watch today. While we acknowledge the potential of RIVN as an investment, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RIVN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
Jim Cramer on Rivian Automotive (RIVN): ‘I Do Worry About Financing'
We recently published a list of . In this article, we are going to take a look at where Rivian Automotive Inc (NASDAQ:RIVN) stands against other top stocks on Jim Cramer's radar as Trump tariffs wreak havoc across global markets. Jim Cramer in a latest program on CNBC said that President Donald Trump's new tariffs were much worse than expected. Cramer believes investors were getting 'tired' of worrying about the tariff threat and went into a 'bring it on' mode ahead of the Wednesday announcement. 'Regular viewers know that I've never been a huge fan of free trade. It would be fine if everybody plays by the rules, but we're the only country that plays by the rules. I want fair trade instead, which means tariff those who tariff us just as hard. Of course, I've been hoping for reciprocal tariffs, and that's what we allegedly got, even if they were far more severe than I'd hoped for. With reciprocal tariffs, we hammer specific countries for putting up specific trade barriers or subsidizing specific industries. While we got reciprocal tariffs, I never expected them to be this high, nor did many other people. From Wall Street's perspective, Trump might as well have used a meatax, which is what we were most afraid of. The term reciprocal meant nothing in the end; the term punitive is more accurate.' Cramer Calls China an 'Insidious Octopus' Cramer called China an 'insidious Octopus' and mentioned how the country used several 'loopholes' to enter the US and European markets. However, he believes the tariffs will result in higher prices for consumers. Cramer said Trump does not 'care' about falling stock prices or rising consumer prices. 'Trump doesn't seem to care about the stock market this time around. Why should he care about certainty, which I've said over and over again is what makes investors happy? He's not trying to make investors happy. He's not about happiness for us. He's about making these countries bend to his will, and if it causes inflation, then it causes inflation. He never promised you a rose garden stock market, and I sure didn't see one in the Rose Garden today.' READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In For this article, we picked 10 stocks Jim Cramer recently talked about during his programs on CNBC. With each company we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A state-of-the-art electric vehicle charging at a station at a suburban mall. Number of Hedge Fund Investors: 31 Jim Cramer was recently asked about Rivian Automotive Inc (NASDAQ:RIVN). He reiterated his bearish view on the stock: Meridian Hedged Equity Fund stated the following regarding Rivian Automotive, Inc. (NASDAQ:RIVN) in its Q2 2024 investor letter: Overall, RIVN ranks 9th on our list of top stocks on Jim Cramer's radar as Trump tariffs wreak havoc across global markets. While we acknowledge the potential of RIVN, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RIVN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
02-04-2025
- Automotive
- Yahoo
Why Rivian Automotive Inc. (RIVN) Went Up On Tuesday?
We recently published a list of . In this article, we are going to take a look at where Rivian Automotive Inc. (NASDAQ:RIVN) stands against other firms that outperform broader market on Tuesday. The stock market finished mixed on Tuesday, with the Dow Jones the sole loser with a marginal 0.03-percent dip, as investors awaited clarity on President Donald Trump's new tariff rollout. The tech-heavy Nasdaq ended 0.87 percent higher, while the S&P 500 grew 0.38 percent. Meanwhile, 10 individual stocks outperformed the bellwether indices, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite. In this article, we named Tuesday's top performers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume. A state-of-the-art electric vehicle charging at a station at a suburban mall. Rivian Automotive grew its share prices for a second day by 6.67 percent to end at $13.28 apiece as investors resumed buying shares following its planned expansion into the lightweight electric vehicle industry. Last week, the company announced that it secured $105 million in funding for its newly spun-off business called Also Inc., which would focus on the development of its lightweight electric vehicle market. In a statement, RIVN founder and CEO RJ Scaringe said that a range of vehicle types and form factors will be needed for the global adoption and transition to electrified transportation. 'I am extremely excited about the innovations developed by the Also team that will underpin a range of highly compelling micromobility products that will help define new categories,' he said. Lightweight EVs aside, RIVN would continue to expand its core business with the launch of R2, a five-seater SUV designed for the adventurous market. It said it expects customer deliveries to begin in the first half of 2026. Overall, RIVN ranks 9th on our list of firms that outperform broader market on Tuesday. While we acknowledge the potential of RIVN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as RIVN but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
30-03-2025
- Automotive
- Yahoo
Why Rivian Automotive Inc. (RIVN) Went Up Last Week?
We recently published a list of . In this article, we are going to take a look at where Rivian Automotive Inc. (NASDAQ:RIVN) stands against other stocks that outperformed broader market last week. Wall Street's main indices traded lower week-on-week as investor sentiment continued to be dragged by the ongoing trade tensions globally. The tech-heavy Nasdaq was down by 2.59 percent versus its level on March 21. Meanwhile, the S&P 500 declined by 1.5 percent and the Dow Jones dropped by 0.956 percent. Ten individual stocks, on the other hand, managed to stay stronger, three of which were particularly notable as funds flocking to gold assets spilled over into their stocks. In this article, we listed last week's 10 top performers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million trading volume. A state-of-the-art electric vehicle charging at a station at a suburban mall. Rivian shares rallied by 6.89 percent week-on-week to finish at $12.41 last Friday versus the $11.6 closing on March 21, as investor sentiment was largely fueled by optimism for its planned micromobility business expansion. This came after RIVN announced late last week that it secured a $105 million funding for its newly spun-off business called Also Inc. which would focus on the development of its lightweight electric vehicle market. In a statement, RIVN founder and CEO RJ Scaringe said that a range of vehicle types and form factors will be needed for the global adoption and transition to electrified transportation. 'I am extremely excited about the innovations developed by the Also team that will underpin a range of highly compelling micromobility products that will help define new categories,' he said. Lightweight EVs aside, RIVN would continue to expand its core business with the launch of R2, a five-seater SUV designed for the adventurous market. It said it expects customer deliveries to begin in the first half of 2026. Overall, RIVN ranks 10th on our list of stocks that outperformed broader market last week. While we acknowledge the potential of RIVN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as RIVN but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
