Feb. 19, 2025
WeRide Stock Soars Following Nvidia’s Investment Announcement
TMTPOST -- WeRide stock is continuing its impressive rally, up by 28.25% Wednesday, following the news that artificial intelligence (AI) giant Nvidia has invested in the autonomous driving company. This follows a massive 83% surge on Friday, when Nvidia disclosed that it holds 1.74 billion shares of WeRide stock. Nvidia’s investment in WeRide comes as no surprise, given the alignment of their business focuses on AI. While Nvidia develops AI technology through its chips and software, WeRide operates one of the largest self-driving vehicle fleets globally and is advancing its L4 autonomous driving services. Analysts at Morgan Stanley noted that the surge in WeRide's stock price following Nvidia's announcement could be attributed to low liquidity and the potential involvement of quantitative funds. They also highlighted that this rally reflects continued investor confidence in autonomous driving stocks, a sector that has garnered significant attention in recent months. As AI and autonomous driving technologies continue to evolve, the collaboration between Nvidia and WeRide is likely to further boost both companies' influence in the growing self-driving and AI markets.
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