Jim Cramer on Rivian: “Let’s Take Some off the Table, Rest Run”

Group 1 - Rivian Automotive, Inc. (NASDAQ:RIVN) has experienced significant stock movement, attributed partly to a short squeeze, indicating a large number of short positions in the stock [1] - Jim Cramer advises investors to take some profits off the table while allowing the remaining shares to run, emphasizing the importance of maintaining gains in speculative stocks that are currently unprofitable [1] - Cramer expressed a negative outlook on Rivian during a recent episode, suggesting that investors should sell their shares rather than hold onto them, indicating a lack of confidence in the stock's future performance [2] Group 2 - Rivian manufactures electric vehicles and provides related software, charging, and maintenance services, positioning itself within the growing electric vehicle market [2] - The article suggests that while Rivian has potential, certain AI stocks may offer better upside potential and lower downside risk, indicating a competitive landscape for investment opportunities [2]