Rivian Jumped Today -- Is the EV Stock a Buy?

Rivian (RIVN 6.57%) stock saw substantial gains in Thursday's trading. The electric vehicle (EV) specialist's share price ended the session up 6.6% in a day that saw the S&P 500 index rise 1% and the Nasdaq Composite index rally 1.5%.Rivian's valuation gained ground today following news that the State Department's procurement forecast for 2025 included plans for spending on EVs. The document initially included a category titled "Armored Electric Vehicles," although this was later changed to "Armored Vehicle ...