Rivian Automotive Inc. (NASDAQ:RIVN) stock saw a sharp shift in its momentum score, jumping from 17.75 to 73.8 on a week-over-week basis.
A momentum score is a metric that evaluates how strongly a stock's price is trending over time by analyzing recent price movements and trading volume to gauge the strength of its current trend.
Rivian Says AI Will Replace CarPlay And Android Auto
Rivian Automotive Chief Software Officer Wassym Bensaid said Apple Inc. (NASDAQ:AAPL) CarPlay, Android Auto and physical controls will eventually be replaced by deeply integrated AI systems.
He said screen-mirroring tools are limited and argued Rivian is building a fully integrated AI interface that allows drivers to interact with a single assistant instead of switching between apps.
Bensaid said this shift toward "agentic" AI driving experiences will take time but will reshape how users interact with vehicles, while noting declining interest in CarPlay among Rivian owners.
Rivian Launches AI Voice Assistant
Earlier in May, Rivian Automotive launched its "Rivian Assistant," an AI-powered voice tool for Connect+ subscribers that was integrated into its vehicles through a software update.
The system enabled drivers to manage core vehicle functions and access services like navigation, messaging, and general queries through a single voice interface, while also integrating with Google Calendar for scheduling support.
Benzinga's Edge Stock Rankings provide a detailed breakdown of Occidental Petroleum's price structure, showing that short-, medium-, and long-term trends have all recently turned positive based on the latest data.
Traders See Rivian R2 Demand Surge
Hamid, CEO of Savvy Trader, said on X that the upcoming Rivian R2 could see a wait-list lasting up to two years, suggesting demand may far exceed supply.
He added that the vehicle could become one of the best-selling in the U.S. if production constraints are resolved.
Trader Peter DiCarlo noted that Rivian shares have gained 25% since his earlier call two weeks ago.
He described the stock's current move as a "parabolic pattern" that has historically led to gains of more than 100% over a 6–12 month period, while pointing to key technical levels that could signal further upside.
Price Action
Rivian Automotive closed at $16.35 on Friday, down 9.77%, with pre-market trading up 0.61% on Monday at the time of writing.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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