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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

The EV Boom Is Here: Buy These 2 Stocks

Daniel Miller, The Motley Fool
·4 min read
The EV Boom Is Here: Buy These 2 Stocks

Good news for investors who have been waiting for a surge in electric vehicle (EV) sales: The EV boom is here. Rivian Automotive (NASDAQ: RIVN), a relative newcomer to the EV manufacturing race, has a number of things going for it as it tries to convince investors it could be the next great EV stock. The EV manufacturer's production was slow to start 2023 due to retooling its electric delivery van (EDV) assembly line, but management confirmed it still expects to reach 50,000 in production units for the full year, which will be a 100% increase compared to 2022.

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