๐ Rivian $RIVN surged 15% on delivery beat while Tesla $TSLA fell 7.5% โ July 2 holiday-eve recap
US markets are closed today for the July 4th holiday, but Thursday's final session had big stories. Rivian (RIVN) popped 15%+ after Q2 deliveries crushed estimates and the company raised its 2026 delivery guidance to 65,000โ70,000 vehicles, boosted by strong R2 SUV demand. Meanwhile, tech got hammered: Tesla (TSLA) shed 7.5%, Applied Materials (AMAT) sank 7.4%, and AMD fell 4.3% as investors questioned lofty AI-chip valuations after an 80%+ first-half run โ though the Dow bucked the trend with a 595-point jump to a fresh all-time high. PepsiCo (PEP) and Delta (DAL) earnings plus Fed June meeting minutes headline next week. Not financial advice. Are you buying this AI-chip dip over the long weekend, or waiting to see if the selloff deepens?