According to a report from Yahoo Finance, artificial intelligence is having significant impacts across multiple sectors, with transportation expected to be among the most transformed. The technology is now enabling the development of fully autonomous vehicles, a field with substantial market potential.

Rivian has been named a top growth stock for the current year. Its shares trade at a low multiple of sales, and the company’s market capitalization remains below twenty billion dollars. The automaker is preparing to start deliveries of its new, more affordable R2 SUV model to employees imminently, with broader production and customer deliveries anticipated in subsequent periods.

The introduction of a lower-priced vehicle is seen as a pivotal move, drawing a parallel to the trajectory of another electric vehicle manufacturer. Over ninety-five percent of that company’s automotive sales volume now comes from its two most affordable models. Scaling electric vehicle production is recognized as a difficult process, with one company having faced severe challenges and financial pressure during the ramp-up of its own mass-market vehicle.

While Rivian’s stock is viewed as having growth potential due to its valuation, Tesla is expected to be a dominant force in the emerging global robotaxi market. The company’s current market valuation exceeds one trillion dollars.