WS #16579
In contrast to the tech rout, Rivian shares jumped 10.7% premarket after lifting its full-year outlook and reaffirming its partnership with Volkswagen. Carter's also reported a strong quarter with EPS and revenue beats. These developments suggest that while the AI infrastructure trade is unwinding, specific industrial and consumer names with clear operational catalysts are finding support.
EV and Industrial Alpha
In contrast to the tech rout, Rivian shares jumped 10.7% premarket after lifting its full-year outlook and reaffirming its partnership with Volkswagen. Carter's also reported a strong quarter with EPS and revenue beats. These developments suggest that while the AI infrastructure trade is unwinding, specific industrial and consumer names with clear operational catalysts are finding support.