When Rivian Automotive (NASDAQ: RIVN) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. But last March it halved that target to 25,000 amid persistent supply chain constraints. Read More...
Motley Fool
Why Shopify, Palantir, and CrowdStrike Stocks Slumped on Thursday
Within the tech sector, shares of Shopify (NYSE: SHOP), Palantir Technologies (NYSE: PLTR), and CrowdStrike (NASDAQ: CRWD) are suffering worse than most, falling 3.3%, 3.9%, and 8%, respectively, through 12:05 p.m. ET. You can blame investment bank Jefferies for that — and Piper Sandler, too. Jefferies started off the new year with a series of downgrades, reversing its buy ratings and lowering Shopify, Palantir, and CrowdStrike to neutral, as ratings-watcher The Fly reports today.
