{"id":229757,"date":"2025-12-12T20:17:07","date_gmt":"2025-12-12T20:17:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/229757\/"},"modified":"2025-12-12T20:17:07","modified_gmt":"2025-12-12T20:17:07","slug":"rivian-shares-surge-as-analysts-cheer-shift-to-custom-self-driving-chip-ai-strategy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/229757\/","title":{"rendered":"Rivian shares surge as analysts cheer shift to custom self-driving chip, AI strategy"},"content":{"rendered":"

Dec 12 (Reuters) – Shares of Rivian Automotive (RIVN.O), opens new tab<\/a> surged 18% on Friday as analysts issued bullish commentary on the electric pickup truck and SUV maker’s efforts to develop a custom chip for self-driving features and its integration of artificial intelligence.The stock had closed about 6% lower on Thursday after the company’s announcements at its first Autonomy and AI Day, where it said it would shift away from Nvidia’s processors<\/a> that power autonomous driving and had launched a paid package for self-driving features.<\/p>\n

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Rivian’s shares rose 17.9% to $19.37, its highest in nearly two years. The stock had risen about 24% this year, as of Thursday’s close.<\/p>\n

The company’s new R2 model cars, which are expected to roll out first half of 2026, will carry the new chips.<\/p>\n

The self-driving and driver-assistance systems still require human oversight. The company expects to launch “eyes-off” functionality in 2026.<\/p>\n

“The event exceeded our expectations and cements our view for Rivian to become the number 2 North America EV player, even leapfrogging Tesla right now in certain AI-integration areas,” James Picariello, senior analyst at BNP Paribas said.<\/p>\n

Brokerage Needham and Co raised its price target by 64% to $23 per share, citing increased confidence “in Rivian’s positioning as software-defined vehicles increasingly become industry table stakes.”<\/p>\n

Rivian’s custom self-driving and AI chip, dubbed the Rivian Autonomy Processor, will be produced by Taiwan Semiconductor Manufacturing Co (2330.TW), opens new tab<\/a>.The company also unveiled a new paid driver-assistance package called Autonomy+, priced at $2,500 in a one-time payment or $49.99 per month, significantly undercutting Tesla’s (TSLA.O), opens new tab<\/a> $8,000 price to buy its Full Self-Driving system outright or $99 per month as a subscription.<\/p>\n

Reporting by Akash Sriram in Bengaluru; Editing by Tasim Zahid<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Dec 12 (Reuters) – Shares of Rivian Automotive (RIVN.O), opens new tab surged 18% on Friday as analysts…\n","protected":false},"author":2,"featured_media":229758,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,82519,289,290,2786,82703,84441,1300,84105,96075,122885,8535,84433,82500,84110,82530,82531,82702,18,96076,82578,45748,87651,19,17,82524,83810,82510,84437,96072,96071,82512,84338,84457,753,82,82999,30150,96073,84439,87567,107],"class_list":{"0":"post-229757","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-amers","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-asia","13":"tag-asxpac","14":"tag-aut","15":"tag-auto","16":"tag-blr","17":"tag-carm","18":"tag-cavs","19":"tag-chip","20":"tag-chip1","21":"tag-cmpny","22":"tag-cycs","23":"tag-destocabsm","24":"tag-destousbsm","25":"tag-easia","26":"tag-eire","27":"tag-eleav","28":"tag-emrg","29":"tag-gen","30":"tag-hot","31":"tag-ie","32":"tag-ireland","33":"tag-namer","34":"tag-privt","35":"tag-publ","36":"tag-ratiadas-av-safety","37":"tag-ratielectrification-zero-emmision","38":"tag-ratisustainable-ev-supply-chain","39":"tag-sci","40":"tag-semi","41":"tag-stx","42":"tag-tech","43":"tag-technology","44":"tag-teeq","45":"tag-tmt","46":"tag-topicrati-supply-chain-manufacturing","47":"tag-topicrati-technology","48":"tag-tw","49":"tag-us"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/229757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=229757"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/229757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/229758"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=229757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=229757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=229757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}