Many investors think so Raven (NASDAQ: RIVN ) As an electric vehicle (EV) stock. In fact, the company specializes in manufacturing EVs. But recently, I argued that maybe Raven should be considered more of an artificial intelligence (AI) stock. If you understand why I think this is the case, you’ll quickly see how Raven has become my top growth stock to buy in 2026 (and beyond).
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I’m excited about Raven stock for three reasons.
First, the company expects to start delivering its first EV model priced under $50,000 next month. Tesla It actually launched its first affordable model—the Model 3—thanks to its first big growth spurt.
Second, like Tesla, Rivian is investing heavily in expanding its AI capabilities. Why is AI so important for EVs? Because experts increasingly agree that AI will prove key to realizing fully self-driving capabilities.
As I mentioned recently, Raven recently launched a new initiative focused on bringing AI to its factory floor to improve manufacturing efficiency. It is also investing in its in-car AI assistant while launching a new “universal hands-free” feature on top models this year. More impressively, the company hopes to one day design and manufacture its own AI chips, solving a key industry supply issue.
It’s unclear whether Raven’s AI ambitions will pay off. But one thing seems clear to me: the market is not overestimating this opportunity. Raven is currently valued at just $19 billion — not what you’d expect for a company that could one day compete in the global robotics market or license its self-driving technology to existing partners. Volkswagen.
This year, I expect the Rivian R2 launch to grab a lot of headlines. But this launch should give Raven tens of thousands of additional vehicles on the road to further train and test its AI models. It’s still a long-term bet, but trading at just 3.4 times forward sales, Raven likely exceeds its current market cap.
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