Jim Cramer on Rivian: “Let’s Take Some off the Table, Rest Run”

“Look, I’m a equilibrium expanse guy. This has had a major, large move. It’s been terrific. I deliberation immoderate of it is simply a abbreviated squeeze. There’s a precise large short. I privation you to instrumentality immoderate disconnected the array and past fto the remainder tally due to the fact that successful the end, I attraction much astir maintaining gains erstwhile it comes to the heavy speculative stocks that are losing a batch of money. Let’s instrumentality immoderate disconnected the table, remainder run.”

Rivian Automotive, Inc. (NASDAQ:RIVN) manufactures electrical vehicles and provides related software, charging, and attraction services. It is worthy noting that erstwhile a caller inquired astir the banal during the October 27 episode, Cramer responded:

“[Sell, sell, sell] I’m sorry. I mean, look, I privation you to proceed to beryllium capable to person steak dinner… I don’t privation you to accidental it’s better. It’s not. You’re selling it.”

While we admit the imaginable of RIVN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the champion short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.