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Top Automotive Stocks To Follow Now - April 22nd

Monolithic Power Systems logo with Computer and Technology background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat names MPWR (Monolithic Power Systems), RIVN (Rivian) and SOUN (SoundHound AI) as the top automotive stocks to watch now, based on the highest dollar trading volume in recent days.
  • Monolithic Power Systems (MPWR) is a semiconductor maker of DC‑to‑DC power ICs used across automotive, data centers, AI servers and communications, and recent share strength has prompted questions about whether its valuation has caught up to the rally.
  • Rivian (RIVN) builds electric vehicles including the R1T pickup and R1S SUV, while SoundHound AI (SOUN) offers the Houndify conversational voice‑AI platform used in automotive, TV and IoT applications, making both companies sensitive to EV demand and in‑vehicle technology trends.
  • MarketBeat previews top five stocks to own in May.

Monolithic Power Systems, Rivian Automotive, and SoundHound AI are the three Automotive stocks to watch today, according to MarketBeat's stock screener tool. Automotive stocks are shares of publicly traded companies involved in designing, manufacturing, supplying, selling, or financing motor vehicles and related components and services — including traditional automakers, parts suppliers, electric‑vehicle firms, dealerships, and auto lenders. Investors in automotive stocks focus on factors such as vehicle demand, commodity and labor costs, supply‑chain reliability, technological shifts (EVs, autonomy), and regulatory or incentive changes that affect earnings and growth. These companies had the highest dollar trading volume of any Automotive stocks within the last several days.

Monolithic Power Systems (MPWR)

Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

Read Our Latest Research Report on MPWR

Rivian Automotive (RIVN)

Rivian Automotive, Inc., together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.

Read Our Latest Research Report on RIVN

SoundHound AI (SOUN)

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.

Read Our Latest Research Report on SOUN

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