Shares of WeRide Inc. (NASDAQ: WRD), a Chinese-based autonomous vehicle technology company, soared on Friday after NVIDIA (NASDAQ: NVDA) disclosed in a regulatory 13F filing that it holds over 1.7 million shares in the company.
This revelation sent WeRide’s valuation skyrocketing. Shares closed the day up more than 80%, pushing its market capitalization to just over $8 billion. Before Friday’s surge, WeRide was largely unknown on Wall Street, but NVIDIA’s reported stake has suddenly brought the company into the spotlight. Here’s a deeper look into WeRide and its potential future trajectory.
