13 Best Blue Chip Stocks to Buy Under $50

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10. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Holders: 36

Share Price as of the Close of December 10: $17.5

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the best blue-chip stocks to invest in.

On December 8, Morgan Stanley analyst Andrew Percoco downgraded Rivian Automotive, Inc. (NASDAQ:RIVN) to Underweight from Equal Weight while keeping the price target at $12. The change came after a shift in analyst coverage and as part of the firm’s broader 2026 outlook for autos and shared mobility. Morgan Stanley said it is taking a more cautious stance heading into next year, expecting the electric vehicle “winter” to last through 2026. This softer view of EVs is partly balanced by a somewhat more upbeat outlook for internal combustion and hybrid vehicles.

At its first “Autonomy and AI Day” on December 11, Rivian Automotive, Inc. (NASDAQ:RIVN) announced that it has built its own custom chip, a new car computer, and fresh AI models that will power self-driving features in its future vehicles. The company also shared plans for the Autonomy+ subscription for its second-generation vehicles, set to launch in early 2026. The service will run on Rivian’s new Autonomy Processors and autonomy computers and will grow in capability over time.

Autonomy+ will cost $2,500 upfront or $49.99 per month. For comparison, Tesla prices its FSD (Supervised) package at $8,000 upfront and $99 per month.

Rivian Automotive, Inc. (NASDAQ:RIVN) is under growing pressure to show investors that its long-term growth story is still intact. The company is working efficiently to expand its customer base, even as US battery-electric vehicle sales are slowing. In addition, intensified competition from Chinese EV makers is also contributing to the situation.

Rivian Automotive, Inc. (NASDAQ:RIVN) builds and sells premium electric adventure vehicles, focusing on performance, utility, and technology.

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