Core Insights - Rivian Automotive announced its third-quarter financial results and provided updates on new vehicle developments and the spinoff of a robotics company [1][2] Group 1: Financial Results and Vehicle Updates - Rivian reported its third-quarter financial results alongside an update on upcoming vehicles [1] - The company is recognized as one of the top performers in the market today [1] Group 2: Spinoff of Robotics Unit - Rivian has spun off its micromobility assets into a new company called ALSO and formed Mind Robotics, which targets the industrial segment [2][5] - Mind Robotics was established in November and has secured $110 million in external seed capital [3] - The company aims to leverage synergies between autonomous driving and physical AI to support the industrial sector with AI-enabled robotics [3][4] Group 3: Product Development and Market Strategy - Mind Robotics will focus on advancing industrial AI to transform operations in the physical world, utilizing Rivian's operational data [3][4] - Rivian's CEO RJ Scaringe will serve as Chairman of the Mind Robotics board, emphasizing the potential of AI in reshaping business operations [4] - The micromobility segment, spun off into Also Inc., includes products like e-bikes and electric quadricycles, with the first line launched in October [5][6]

Market Overview - U.S. stocks closed higher on Thursday, with the Dow Jones Industrial Average up 0.3% at 46,142.42, the S&P 500 advancing 0.5% to 6,631.96, and the Nasdaq climbing nearly 1% to 22,470.73 [1] Intel Corporation (INTC) - Intel's stock surged 22.77% to close at $30.57, reaching an intraday high of $32.38 and a low of $30.16, with a 52-week range between $17.67 and $32.38 [1] - A significant partnership with Nvidia was announced to co-develop custom data center and PC products, enhancing workloads across various markets [1] FedEx Corporation (FDX) - FedEx shares increased by 0.32%, closing at $226.50, with an intraday high of $229.10 and a low of $224.78; the stock's 52-week high and low are $308.53 and $194.30, respectively [2] - The company reported first-quarter fiscal 2026 earnings, with revenue of $22.2 billion, exceeding estimates of $21.67 billion [2] Lennar Corporation (LEN) - Lennar's stock dipped slightly by 0.08% to $132.87, with a high of $134.07 and a low of $131.34; the 52-week range is between $98.42 and $193.80 [3] - The company's third-quarter results fell short of expectations, with earnings per share reported at $2, missing the consensus estimate of $2.10 [3] Brera Holdings PLC (BREA) - Brera Holdings saw a remarkable increase of 225.49%, closing at $24.90, with a high of $52.95 and a low of $7.84; the stock's 52-week high and low are $52.95 and $5.00 [4] - Cathie Wood-led Ark Invest acquired 6.5 million shares of Brera Holdings, worth about $161.9 million, as the company pivots into a Solana-based digital asset and crypto infrastructure firm following a $300 million funding round [4] Rivian Automotive, Inc. (RIVN) - Rivian's stock rose by 4.04% to $14.68, with an intraday high of $14.94 and a low of $14.07; the 52-week range is $9.50 to $17.15 [5] - New images of Rivian's upcoming electric bike developed by its spinoff Also Inc. surfaced online, boosting investor interest [5]