10 Stocks Jump, Defy Market Uncertainties on Thursday

5. Rivian Automotive Inc. (NASDAQ:RIVN)

Shares of Rivian Automotive grew by 7.6 percent on Thursday to end at $13.02 apiece amid investor hopes for the expansion of its micromobility business.

In a statement, RIVN said it secured $105 million worth of investment from Eclipse Ventures for its newly spun-out business called Also Inc., which will focus on the development of small and lightweight vehicles.

“For the world to fully transition to electrified transportation, a range of vehicle types and form factors will be needed,” said Rivian Founder and CEO RJ Scaringe. “I am extremely excited about the innovations developed by the Also team that will underpin a range of highly compelling micromobility products that will help define new categories.”

As part of its expansion program, RIVN said it would continue to make significant progress toward the launch of R2, a five-seater SUV designed for the adventurous. It said it expects customer deliveries to begin in the first half of 2026.