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WeRide (WRD) shares skyrocketed more than 80% on Feb. 14 after semiconductor giant Nvidia (NVDA) disclosed a significant stake in the Chinese autonomous driving technology company. This move pushed WeRide’s market capitalization above $8 billion, thrusting the relatively unknown company into the spotlight.
The surge came after Nvidia revealed in a 13F filing that it had acquired approximately 1.7 million WeRide shares worth about $25 million in the fourth quarter of 2024. The investment highlights growing interest in autonomous driving technology amid intensifying U.S.-China competition in the artificial intelligence space.