U.S. Stock Movement | Rivian Automotive (RIVN.US) Soars Over 16% After Launching In-House AI Chip "RAP1"

Stock News12-12 23:12

On Friday, Rivian Automotive (RIVN.US) surged more than 16%, hitting a yearly high at $19.19 per share. The rally followed the U.S. electric vehicle maker's announcement of its self-developed artificial intelligence chip, "RAP1," which is set to replace NVIDIA's technology in the upcoming R2 SUV. The RAP1 chip can process 5 billion pixels per second and deliver 1,600 trillion operations per second—four times the performance of its current NVIDIA-dependent system.

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