Rivian Builds Its Own AI Chip to Boost Future Self-Driving Features
Rivian has built its own AI chip, RAP1, to replace Nvidia tech and boost future self-driving features. The chip improves performance, lowers costs, and will debut in the R2 SUV.
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Robinhood Slumps as November Trading Activity Drops Across All Major Segments
Robinhood reported a sharp slowdown in November trading volumes, with equities, options, and crypto all declining month over month. Only prediction markets showed strong growth.
Disney Invests $1B in OpenAI to Bring Iconic Characters to AI Videos
Disney is investing $1 billion in OpenAI and licensing characters like Mickey Mouse and Cinderella for AI-generated short videos on Sora, reshaping content creation.
BofA Upgrades Visa to Buy: Strong Growth & Attractive Returns
Bank of America upgrades Visa to Buy with a $382 price target, citing strong fundamentals, growth potential, and opportunities in stablecoins.
BofA Cuts PayPal Rating as Growth Reboot Slows
Bank of America downgraded PayPal to Neutral, lowering its price target to $68. The firm cites slower-than-expected progress in boosting branded checkout growth and expects limited near-term upside.
Arista Networks Earns Continued Buy Rating from Evercore ISI
Evercore ISI reiterates a Buy rating on Arista Networks with a $175 price target, citing strong revenue growth, impressive margins, and long-term sector positioning.