Market Overview - The three major U.S. stock indices closed lower, with the Dow Jones down 0.51%, the Nasdaq down 1.69%, and the S&P 500 down 1.07% [1] - Popular tech stocks experienced declines, with Broadcom falling over 11%, Nvidia down over 3%, and Google, Microsoft, Meta, and Amazon all dropping over 1%. Tesla, however, saw an increase of over 2% [1] Sector Performance - The storage sector, cryptocurrency mining companies, and semiconductor stocks faced significant declines, with Corning down nearly 8%, Quantum down over 7%, and Micron Technology, Dell Technologies, and Logitech all dropping over 6%. AMD fell nearly 5%, Intel was down over 4%, and HP dropped over 2% [1] - The automotive manufacturing sector saw gains, with Polestar rising over 19%, Rivian up over 12%, and Toyota increasing by over 2% [1] Chinese Stocks - The Nasdaq Golden Dragon China Index fell by 0.30%. Among popular Chinese stocks, Pony.ai dropped 5.6%, WeRide fell 3.2%, and Baidu and NIO both declined over 2%. XPeng was down 1.1%, Alibaba fell 0.9%, and Pinduoduo remained flat. However, Li Auto rose 0.3%, Yum China increased by 1.8%, and New Oriental and NetEase both gained 2.1% [1]

Market Overview - The stock market is experiencing a pullback from record highs, with the Dow down 204 points and the NASDAQ down 1.5% for the week [1][2][3] - The S&P 500 is down about 0.5%, while the Russell 2000 has seen a gain of 1.5% over the last five days [3][4] - The bond market has shown significant movement, with the 10-year yield at 4.19% and the 30-year yield at 4.86%, the highest level in three months [4][5] Sector Performance - Consumer staples and discretionary sectors are showing limited gains, while technology and energy sectors are underperforming, with XLK down 2.7% [5][6] - Broadcom is a major drag on the NASDAQ, down 11.8% after failing to meet high expectations [6][7] Company Highlights - Oracle has denied reports of delaying data center projects for OpenAI, maintaining that all milestones are on track [29] - Wealthfront made its public debut on NASDAQ, raising approximately $485 million with an opening share price of $14 [30] - Costco reported better-than-expected earnings, with comparable sales climbing 6.4%, although membership fees saw a slight decrease [31] Investment Insights - Carvana, Robinhood, and Coinbase have made significant recoveries and are being added to the S&P 500, with Carvana's stock up 11,000% from its lows [13][15][18] - The Fed cut rates by 25 basis points, with expectations for one or two more cuts by the end of the year [20][21] - Analysts suggest that the market is currently focused on the Fed's actions and the implications for inflation and employment [21][22] Future Outlook - Rivian is focusing on developing custom self-driving chips as part of its AI strategy, aiming for a significant shift in transportation technology [33][34] - The bond market outlook for 2026 suggests a potential increase in yields, with a focus on the 5-30 year yield curve [68][70] - Concerns about credit dispersion in the corporate market are rising, with some sectors expected to struggle in 2026 [75][76]

Market Domination host Jared Blikre monitors the day's stock market moves leading up to the closing bell on December 12, 2025. Rivian CEO RJ Scaringe sits down with Yahoo Finance's senior autos reporter Pras Subramanian to expand upon the EV maker's latest plans for full-self driving features and its newly announced AI chips that will be manufactured in-house. Morgan Stanley senior fixed income portfolio manager Vishal Khanduja shares his outlook on fixed-income markets heading into 2026. About Yahoo Financ ...

Core Viewpoint - Rivian is experiencing a significant rally in its stock price, attributed to its commitment to an AI-centric approach for developing fully autonomous vehicles, including the development of its own chip for data processing [1][17]. Company Performance - Rivian's shares are up more than 12%, indicating strong market interest and performance compared to its peers [2][17]. - The company has shown volatility in its stock movements but has outperformed the consumer discretionary sector and is positioned well against other electric vehicle (EV) makers like Tesla and Lucid [3][4]. Competitive Landscape - Rivian is pursuing a vertical integration strategy by controlling its own supply of chips, contrasting with Lucid's partnership with Uber for a more conservative approach [5][6]. - Lucid has seen a nearly 50% decline in its stock over the past year, while Rivian continues to perform solidly [4]. Technical Analysis - The stock is showing a rising wedge pattern, with progressively higher lows, indicating potential upward momentum [7][11]. - Key price levels to watch include a standout level at 18, which has been a struggle point for maintaining upward movement [8][9]. Options Activity - Rivian's options market is seeing high activity, with 700,000 options traded, significantly above average, and two-thirds of these being call options [13][14]. - The market anticipates an 8.7% move in the stock price over the next seven days, reflecting speculative interest [15][16].

Rivian Automotive Inc (NASDAQ: RIVN) rallied more than 15% today after the electric vehicles (EV) specialist showcased bold plans to accelerate its push into autonomous driving. At its inaugural "Auto... ...

Core Insights - Rivian's stock rose approximately 15% following its "Autonomy & AI Day" event, where the company announced a custom AI chip and plans for enhanced self-driving software, despite broader market concerns about an AI bubble [1][9] Group 1: Autonomous Vehicle Developments - Rivian plans to update its second-generation R1 vehicles to enable hands-off driving across more than 3.5 million miles of roads in the U.S. and Canada, a significant increase from under 150,000 miles previously [2] - The company's strategy shift towards autonomous and AI features aims to differentiate its offerings in a competitive EV market and create new high-margin revenue streams through subscriptions and licensing [3] Group 2: Subscription Services - Rivian intends to launch a subscription platform named Autonomy+ early next year, offering advanced driving assistance features for $49.99 per month or a one-time fee of $2,500, similar to Tesla's Full Self Driving service [4] Group 3: AI Chip Development - Rivian introduced its own AI chip to replace Nvidia's chips for its self-driving software, with plans to integrate this chip and a LiDAR sensor system into its new R2 vehicles by late next year [5] Group 4: Market Position and Future Prospects - Analysts noted that Rivian's strategy reflects strong vertical integration efforts and positions the company as a leader in software-defined vehicles, despite technical challenges in catching up with Tesla and other competitors [7] - The potential for Rivian to enter the robotaxi and rideshare market was hinted at by CEO RJ Scaringe, which would increase competition with Tesla, which has already piloted a robotaxi service [8]

The slump in the U.S. electric vehicle (EV) industry continued in 2025, and several startups, including Nikola (NKLAQ) and Canoo (GOEVQ), filed for bankruptcy, continuing the spate of bankruptcies from the previous year. Most U.S. EV startups that went public between 2020 and 2021 have already gone out of business or become inconsequential. Rivian (RIVN) and Lucid Motors (LCID) are the only two EV startups of some consequence still standing, even as they trade at a fraction of their all-time highs. Both ...

Core Viewpoint - Tesla, Inc. remains the leader in the robotaxi market with its Cybercab, while Rivian Automotive, Inc. and Lucid Group, Inc. are competing for the second position with different strategies [1]. Rivian's Strategy - Rivian's "Autonomy and AI Day" highlighted its focus on vertical integration, moving away from NVIDIA to develop its own custom RAP1 silicon chip [2][3]. - The company is implementing a sensor-rich suite that includes LIDAR and plans to offer autonomous driving technology to consumers at a low cost of $50 per month [3]. - Rivian's approach is capital-intensive and aims to create a superior autonomous system compared to Tesla's camera-only technology, with the goal of transforming every R2 owner into a potential micro-robotaxi fleet [4]. Lucid's Strategy - Lucid has opted for a partnership model, collaborating with Uber Technologies, Inc. and Nuro to position its Lucid Gravity as part of an existing robotaxi network [5]. - This asset-light strategy allows Lucid to focus on vehicle production while relying on partners for software and rider acquisition, potentially simplifying the execution of its robotaxi plans [6]. Comparative Analysis - Rivian is focused on controlling the entire robotaxi experience and competing in the technology space, while Lucid is prioritizing financial sustainability through partnerships [7].

Core Insights - Rivian Automotive held its first Autonomy and AI Day conference, introducing its first in-house AI chip, the Rivian Autonomy Processor (RAP1) [1] Company Developments - The unveiling of the Rivian Autonomy Processor (RAP1) marks a significant step in the company's efforts to enhance its autonomous driving capabilities [1]

Core Insights - U.S. stocks experienced a decline, with the Nasdaq Composite dropping over 400 points on Friday [1] - RH reported third-quarter earnings of $1.71 per share, missing analyst estimates by 20.87%, while quarterly revenue of $883.81 million exceeded expectations [1] Company Performance - RH shares increased by 5.8% to $162.14 following the earnings report [2] - Lululemon Athletica Inc. saw a 10.1% gain to $205.80 after beating third-quarter estimates and raising full-year guidance [3] - Frequency Electronics Inc. reported better-than-expected second-quarter sales, leading to a 27.2% increase in share price to $45.84 [3] - CCC Intelligent Solutions Holdings Inc. announced a $500 million share repurchase authorization, resulting in a 6.3% increase in share price to $7.68 [3] Market Reactions - Canopy Growth Corp. shares rose 35.4% to $1.53 due to potential federal marijuana regulation changes [3] - Rivian Automotive Inc. gained 14.9% to $18.88 after announcing entry into the autonomous driving sector with a new AI chip [3] - Clear Secure Inc. experienced an 11.3% increase to $40.36 after an upgrade from JP Morgan [3]