Love Rivian Automotive? This Hot Tech Stock Could Be Just for You

Electric truck company Rivian Automotive (NASDAQ: RIVN) has been receiving a lot of love on Wall Street of late as analysts seem convinced about the company's ability to sell a truckload of vehicles beginning next year, thanks to orders from Amazon and the potential boom in the demand for electric trucks in the U.S.

Bank of America, for instance, has a $170 price target on Rivian stock, which implies a nearly 50% upside from its price as of this writing. That's impressive considering that Rivian is still largely a pre-revenue company; it has just sold a dozen of its trucks. It's the craze around electric vehicles (EVs) that has made Rivian stock a popular investment. But there's another way to buy into Rivian's growth through a company that has set the stock market on fire this year -- Ambarella (NASDAQ: AMBA).

Continue reading

Source Fool.com