With inflation slowing down, the Federal Reserve is more likely to reduce interest rates sooner rather than later. Lower interest rates mean cheaper borrowing costs, which is advantageous for Rivian, a relatively new and capital-intensive company that relies on borrowing to finance its operations and growth.

Reduced borrowing costs could improve Rivian's financial health and make its stock more attractive. Furthermore, lower inflation and potential rate cuts can boost consumer spending power.

As borrowing becomes more affordable, consumers are more likely to finance large purchases such as electric vehicles, increasing demand for Rivian's products and driving sales and revenue growth.

Read Also: Biden Cheers Inflation Progress, Rate Cut Chorus Grows Louder Among 5 Economists

How To Buy RIVN Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Rivian Automotive's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, RIVN has a 52-week high of $28.06 and a 52-week low of $8.26.