beating fiscal fourth-quarter earnings estimatesThings that you need to know this Wednesday morning as we prep you for the trading day, we've got Yahoo Finance is J Madison Mills and Superman with more in video strikes back the chip maker staging a comeback after snapping its three day losing streak.
But it's also announcing plans to repurchase up to $2.5 billion worth of shares this year 2025 and Rivian shares surging in pre market trading after the EV Maker Inc a big joint venture deal with Volkswagen, the pair will create new evs using Rivian technology that will underpin both companies and next Gen EVs in exchange VW will make a $1 billion investment in the GVJV with up to 4 billion in additional capital coming as part of the deal.
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Rivian jumps on Volkswagen's $5 billion 'vote of confidence' investmentThe investment will also bolster Rivian's depleting cash reserves, further its target of becoming profitable on a gross margin basis later this year and help...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Rivian jumps on Volkswagen's $5 billion 'vote of confidence' investmentThe investment will also bolster Rivian's depleting cash reserves, further its target of becoming profitable on a gross margin basis later this year and help...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Rivian stock jumps on $5B Volkswagen investmentShares of Rivian Automotive (RIVN) jumped following the market close on Tuesday after Volkswagen (VWAGY, VOW.DE) announced it would invest up to $5 billion...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Volkswagen Invests $5 Billion in EV Startup Rivian to Form Joint VentureVolkswagen AG will invest $5 billion to form a joint venture with electric vehicle maker Rivian Automotive Inc., throwing a lifeline to the struggling startup and giving the German automaker access to the American EV company’s technology.
Source: BNNBloomberg - 🏆 83. / 50 Read more »