RIVN is trading at $21.75, down 3.1%, as the stock experiences profit-taking following an extraordinary 52% rally driven by R2 launch timeline optimism and new AI chip announcements.
- The stock hit a 52-week high of $22.76 earlier in the day before the decline.
- Despite the current session's pullback, RIVN remains up 69% year-to-date and 62.33% over the past year.
- Analysts caution that the current valuation may already reflect best-case scenarios without near-term profitability visibility.