Dec 12 (Reuters) – Shares of Rivian Automotive 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 that power autonomous ‌driving and had launched a paid package for self-driving features.

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.

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

The self-driving and dri

See Full Page