Dmytro Kharkov

Rivian once valued at $150 billion now at $20 billion, Jesse Cohen notes

Rivian once valued at $150 billion now at $20 billion, Jesse Cohen notes
Rivian market cap drops sharply

Jesse Cohen, senior markets analyst at Investing.com, recalls that Rivian once had a market capitalization above $150 billion.

According to Cohen, Rivian is now valued at $20 billion.

Cohen has recently tracked strong momentum in global equities. He reported that Korea’s KOSPI index jumped 2.2 percent to a record high as AI and chip stocks advanced earlier this week. In a separate note, he highlighted weekly gains in the S&P 500 led by top-performing AI and semiconductor shares including MU, DELL, and ORCL. These updates highlight ongoing interest in technology stocks.

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