Rivian, Intuitive Machines, Rigetti Computing - Dogecoin Analyst Predicts Drop to 30 Cents: Stocks Overview

Recently, investors have been analyzing various stocks, including those of Rivian, Intuitive Machines, and Rigetti Computing, amid concerns surrounding the performance of cryptocurrencies like Dogecoin. Here’s a concise overview of notable market movements.

This past week, major stock indices faced declines, with the S&P 500 dropping by 1.9%, the Nasdaq Composite by 2.3%, and the Dow Jones by nearly 1.9%. These losses come after a previous rally, which has now faded due to increasing worries over interest rates, influenced by a robust labor market and heightened inflation forecasts.

A strong nonfarm payroll report showed a surge to 256,000 jobs in December, exceeding expectations and putting pressure on the Federal Reserve to take action against rising inflation. Additionally, new sanctions on Russian oil and a sharp increase in oil prices added further uncertainty to the market.

Bullish Trends

On the positive side, a report by Piero Cingari highlights how Advanced Micro Devices, Inc. (AMD) announced the release of new AI processors and gaming products just before CES 2025. This move has sparked optimism among investors.

Another optimistic report from Anusuya Lahiri covers Rivian Automotive Inc. (RIVN), which reported achieving 51,579 electric vehicle (EV) deliveries in 2024, exceeding analyst predictions. Rivian's strategic plan to launch its R2 line and expand its collaborations with Volkswagen AG has further fueled a positive outlook despite ongoing concerns regarding EV tax credits.

Meanwhile, a piece by Lekha Gupta discusses the partnership between Intuitive Machines Inc. (LUNR) and Nokia Corp. (NOK), which is focused on launching the first 4G/LTE network on the moon during their upcoming IM-2 mission. This initiative aims to facilitate high-definition video and telemetry transmission through their Athena lander.

Bearish Concerns

On the downside, Chris Katje reports on caution expressed by Nvidia Corp. (NVDA) CEO Jensen Huang regarding quantum computing, which has put downward pressure on stocks like Rigetti Computing Inc. (RGTI) and others in the sector. Despite these challenges, some investors still favor Rigetti for potential growth in 2025.

In the cryptocurrency realm, analyst Aniket Verma has raised alarms concerning Dogecoin (DOGE/USD), suggesting a possible drop to $0.30 if Bitcoin (BTC/USD) fails to regain its footing. This analysis highlights increasing skepticism in the crypto market, as traders monitor Bitcoin's performance closely.

Additionally, a report by Erica Kollmann reveals how China’s export restrictions have affected major U.S. companies like Boeing Co. (BA) and Lockheed Martin Corp. (LMT), reflecting rising trade tensions between the two countries.

For ongoing updates in the market, investors are encouraged to keep track of news and trends affecting their portfolios.

Rivian, Intuitive, Bitcoin