Rivian: Software Business Can Boost Valuation Multiples Despite Macro Headwinds

Rivian (NASDAQ: RIVN ) reported a good earnings beat despite a slowdown in vehicles delivery in the first quarter. The revenue surprise was $220 million, which is quite high considering the quarterly revenue was only $1.2 billion. Most of this incremental revenue is beingI have worked in the technology sector for over 4 years. This included working with industry stalwarts like IBM. I have done my MBA in finance and have been covering various blue chip stocks for the past 6 years. Having hands-on knowledge i ...