Shares ofRivian Automotive Inc(NASDAQ:RIVN) gained some 2.25% to $13.19 Thursday afternoon, following theFederal Reserve'sunexpected decision Wednesday to cut interest rates by 50 basis points at its SeptemberFederal Open Market Committee (FOMC)meeting.

The rate cut lowers the federal funds rate to a range of 4.75% to 5%, marking the first cut in over four years and signaling a more aggressive monetary easing cycle than previously anticipated.

This policy shift has major implications for Rivian, a leading electric vehicle (EV) manufacturer, and its investors, who are now more optimistic about the company's financial outlook and growth potential.

Lower...