Rivian stock sinks on UBS sell call as Wall Street cools on AI, R2 hype
Rivian Automotive shares dropped roughly 7.6%, closing at $17.42 Wednesday afternoon, following UBS’s downgrade of the EV maker to “Sell.”

Rivian Automotive shares dropped 7.2% to $17.50 on Wednesday following a downgrade from UBS, which cut the EV maker to Sell from Neutral. Despite raising its price target to $15, UBS warned the stock remains “prone to sentiment swings.”
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