The Latest Breaking News from WeRide

Artificial Intelligence and Autonomous Technology remain two prominent, long-term growth themes, with several stocks offering investors niche exposure.

WeRide Inc. (NYSE:WRD), a global autonomous driving technology company, has become the first to receive a permit to operate driverless taxis in Saudi Arabia. The milestone allows the company to scale commercial deployment of its Robotaxi services across the Kingdom, beginning with a pilot program in Riyadh.

While institutional money managers have released their Q1 holdings, so has the heart and soul of the AI revolution, NVIDIA. See which six stocks NVIDIA owns.

The partnership builds on Uber’s strategy of integrating others’ autonomous systems into its ride-hail network, adding to existing deals with Waymo, WeRide, and Avride.

Down over 50% from its all-time highs, WeRide is an Nvidia-backed AI stock poised to dominate the autonomous driving market.

Nvidia just invested $25 million in this little-known autonomous driving company. Is WeRide stock a good buy right now?

Shares of WeRide Inc. (NASDAQ: WRD) soared over 80% on Friday after NVIDIA (NASDAQ: NVDA) disclosed a 1.74 million share position.

Nvidia’s 13F filing shows that the AI chip giant has divested its stakes in Nano-X, Serve Robotics, and SoundHound AI.

Shares of WeRide are up over 70% in a single day as a stake from Nvidia is announced, though it may not be what it seems on the surface.