Why Tech Giants Are Pouring Money Into Next-Generation Nuclear Reactors [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
plant to power its energy-hungry data centers, Google and now Amazon are inking massive deals to finance the United States' ambitious atomic revival plans. On Wednesday morning, Amazon Web Services announced a megadeal with two utilities to fund the construction of next-generation nuclear plants near its server farms in Virginia and Washington. Unlike its rivals' recent deals, the tech giant isn't just agreeing to buy nuclear-generated electricity. Amazon teamed up with billionaire Ken Griffin to pump $500 million into X-energy, a Maryland-based startup designing small modular reactors that are a fraction of the size of conventional units and use high-temperature gas as a coolant instead of water. “Amazon and X-energy are poised to define the future of advanced nuclear energy in the commercial marketplace,” X-energy CEO J. Clay Sell said in a news release The investment mirrors Amazon's purchase of a double-digit stake in Rivian around the same time the company ordered a fleet
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RIVN
News
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- Rivian Automotive, Inc. (RIVN): How Strategic Partnerships Could Drive Future Growth? [Yahoo! Finance]Yahoo! Finance
- Rivian Automotive, Inc. (NASDAQ: RIVN) had its price target lowered by analysts at Truist Financial Co. from $16.00 to $12.00. They now have a "hold" rating on the stock.MarketBeat
- Rivian Automotive (RIVN) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 8/6/24 - Miss
RIVN
Sec Filings
- 10/7/24 - Form SC
- 10/4/24 - Form 8-K
- 9/25/24 - Form 4
- RIVN's page on the SEC website