Rivian, Nio climb amid increased investment from Swiss bank and growing robotaxi hype

EV makers Rivian and Nio are climbing Friday amid news that Swiss bank Vontobel significantly boosted its stake in them this quarter. The stocks’ sails also appear to be catching wind from growing robotaxi hype.

Vontobel disclosed that it scooped up 608,000 shares of Nio in the quarter ending in June, more than doubling its position. The bank’s Rivian position nearly tripled in the same period to about 450,000 shares. In its Friday earnings call, Volkswagen announced it had spent more than $1 billion buying additional Rivian shares in Q2.

Rivian and Nio could also be enjoying a boost from growing hype around robotaxis, following Business Insider’s report that Tesla could launch its service in San Francisco as early as Friday.

Rivian and Nio were each up more than 3% in midday trading.

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Fluence Energy keeps surging after hyperscaler supply agreements outweigh soft quarter

Fluence Energyis building on Thursday’s massive gains in the premarket on Friday amid optimism about data center demand for its energy storage solutions.

Though the company delivered underwhelming Q2 results after the close on Wednesday, management announced the signing of new master supply agreements with two major hyperscalers and expects to convert its first order soon. During the conference call, CEO Julian Nebreda indicated that the company has a 12 gigawatt pipeline tied to data center projects.

Analysts at JPMorgan, Canaccord, Jefferies, Goldman Sachs, and Roth Capital raised their price targets on Fluence in the wake of this news.

“The sentiment on FLNC was negative going into the quarter and the hyperscaler announcement came sooner than expected,” noted Citi analyst Vikram Bagri, per Bloomberg.

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Innodata soars after company boosts full-year sales guidance, delivers impressive Q1 results

Innodata is surging in premarket trading after announcing better than expected quarterly results and raising its full-year sales guidance.

The data engineering company is seemingly benefitting from demand for its expertise to help improve the capabilities of AI tools.

The key numbers for Q1:

Revenue: $90.1 million (estimate: $76.5 million)
Adjusted EBITDA: $25.0 million (estimate: $10.4 million)

Innodata raised its full-year revenue growth guidance to around 40% or more, up from the around 35% or more guidance it gave out ten weeks ago.

CEO Jack Abuhoff described this outlook as “prudent,” noting that several potentially large programs have not yet been included in this forecast.

To that end, he noted a new set of engagements with a large technology company that, if solidified, would generate approximately $51 million of revenue in 2026. Management is currently in discussions with an additional 15 companies and two hyperscalers about its new platform for agentic systems, Abuhoff added.

Earlier this year, this company announced a pact to provide data and data engineering services to Palantir to help improve AI tools that analyzed rodeos.

The robust quarter and outlook are bringing shares of Innodata back into the green on the year after having been down 10% heading into this report.

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