In This Article:
We recently published an article titled Why Traders Flocked to These 10 Stocks on Monday. In this article, we are going to take a look at where Rivian Automotive, Inc. (NASDAQ:RIVN) stands against the other stocks.
The stock market kicked off the trading week on a mixed note, with two major indices ending in the green, as investors continued to digest more corporate earnings results.
Among the bellwether indices, only the Nasdaq ended in the red, dropping 0.10 percent. In contrast, the Dow Jones grew by 0.28 percent and the S&P 500 inched up by 0.06 percent.
Meanwhile, 10 companies mirrored a broader market optimism, as investors snapped up shares ahead of their first-quarter earnings performance in the next few days.
To come up with the list, we considered only the companies 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 Automotive, Inc. (NASDAQ:RIVN)
Rivian Automotive, Inc. (NASDAQ:RIVN) rallied for a fifth consecutive day on Monday, adding 4.52 percent to close at $13.19 apiece as investors continued to buy shares ahead of the release of its earnings results next week.
According to the company, it is scheduled to release its key operational and financial highlights for the first quarter of the year after market close on May 6, 2025.
Further contributing to investor optimism was the company’s reaffirmation of its 2025 delivery guidance targets of 46,000 to 51,000 vehicles this year.
For March alone, Rivian Automotive, Inc. (NASDAQ:RIVN) said that it was able to produce 14,611 vehicles at its manufacturing facility in Normal, Illinois, and delivered 8,640 vehicles.
In recent news, Rivian Automotive, Inc. (NASDAQ:RIVN) secured $105 million in fresh funding for its newly spun-out business called Also Inc., which will focus on the development of small and lightweight vehicles.
Overall RIVN ranks 9th on our list of the best performing stocks on Monday. While we acknowledge the potential of RIVN as an investment, our conviction lies in the belief that 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.