Why WeRide Inc. (WRD) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where WeRide Inc. (NASDAQ:WRD) stands against other best-performing stocks.
WeRide Inc. jumped by 18.22 percent on Tuesday to end at $10.77 apiece following its official expansion into Saudi Arabia with the deployment of its autonomous driving vehicles into the said country.
In a statement, WeRide Inc. (NASDAQ:WRD) said it deployed robotaxis and robobus in Riyadh and AlUla as part of its preparation works for its upcoming robotaxi operations under the Uber app.
WeRide Inc. (NASDAQ:WRD) said it is set to launch on Uber over the next few months, with full commercial operations in late 2025.
Additionally, the expansion supports Saudi Arabia's Vision 2030 ambitions to build smart, sustainable cities by enhancing road safety, traffic management, and introducing innovative mobility solutions.
A pick-up and delivery truck speeding down a busy city street.
Earlier this month, WeRide Inc. (NASDAQ:WRD) fully launched driverless Robotaxi testing in Abu Dhabi—the first deployment of its kind in the region. It will also be extending its Robotaxi service coverage to Al Maryah and Al Reem Islands.
Overall, WRD ranks 3rd on our list of best-performing stocks. While we acknowledge the potential of WRD, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WRD and that has 10,000x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
UPI
an hour ago
- UPI
Tesla begins robotaxi launch in Austin
A red Tesla is seen parked on West Executive Drive at the White House in Washington, D.C., on Thursday, June 5, 2025. File Photo by Chris Kleponis/UPI | License Photo June 22 (UPI) -- Tesla will begin its launch of robotic taxis in Austin, Texas, on Sunday afternoon, Elon Musk announced. "The @Tesla_AI robotaxi launch begins in Austin this afternoon with customers paying a $4.20 flat fee!" Musk said in a post on social media. Earlier this month, Musk had revealed Sunday as the tentative start date while cautioning that the company was "being super paranoid about safety" and that the date might shift. The electric carmaker has provided few details about the plans for the robotaxi since it was announced last year, but some information on the service can be found on the company's website. To get started using the robotaxis, users must download the Robotaxi app and use their Tesla account to log in, where it then functions like most ridesharing apps. "Our fleet will initially consist of model year 2025 Model Y vehicles," the service's FAQ section reads. "Riders are prohibited from sitting in the front-left seat, which is typically a driver's customary seating position." Tesla notes that children are not allowed to ride in the vehicles and only service animals are permitted to accompany disabled riders. "Riders may not always be delivered to their intended destinations or may experience inconveniences, interruptions, or discomfort related to the Robotaxi," the company wrote in a disclaimer in its terms of service. "Tesla may modify or cancel rides in its discretion, including for example due to weather conditions." The terms of service include a clause that Tesla will not be liable for "any indirect, consequential, incidental, special, exemplary, or punitive damages, including lost profits or revenues, lost data, lost time, the costs of procuring substitute transportation services, or other intangible losses" from the use of the robotaxis. As reported by The Guardian, Musk previously told reporters that there may be less than a dozen cars available to the public in Austin during the Sunday launch. It was not immediately clear if human drivers would be in the cars during the rollout, which has become a standard practice during launches by rival companies. Meanwhile, Tesla's robotaxis have already received some pushback from Democratic lawmakers in Texas, who penned a letter last week asking the company to delay the launch until at least September. "Next week, Tesla plans to launch robotaxis in Austin -- before Texas' new AV safety law takes effect. We're urging a delay until those safety standards are in place," Texas Sen. Sarah Eckhardt said in a post to social media. "Public trust comes from safety and transparency. We look forward to working with Tesla to achieve both."
Business Insider
an hour ago
- Business Insider
The Week That Was, The Week Ahead: Macro & Markets, June 22, 2025
Everything to Know about Macro and Markets Stocks closed mixed on Friday amid hopes for de-escalation in the Middle East, still clocking in a second straight week in the red. Despite eking out a small increase on the last trading day of the holiday-shortened week, the Dow Jones Industrial Average (DJIA) ended the weekly session down 1.77%, returning to a year-to-date loss. Meanwhile, the S&P 500 (SPX) fell 1.28%, and the tech-heavy Nasdaq-100 (NDX) lost 1.31% for the week, with both benchmarks still in the green for the year. Confident Investing Starts Here: The Trade War and The Real War Stock markets were moved by geopolitical news during the week, with the Federal Reserve's policy meeting adding a significant macro highlight. The week opened positively as fears of all-out Mideast war eased, after which the rally crumbled – and crude resumed its climb – as Tehran threatened escalation and former President Donald Trump demanded 'total surrender.' After Thursday's Juneteenth closure, investors returned on Friday hoping for the best – but stocks lost ground throughout the day on another bout of trade news. The declines were led by semiconductor and chip equipment stocks, which fell after The Wall Street Journal reported that the U.S. plans to cancel the blanket waivers that allow international chip companies like Samsung, SK Hynix , and TSMC to easily send American chipmaking equipment to their factories in China. The possibility of new restrictions hit risk appetite that had just begun recovering on signs that Trump is giving a chance to diplomacy vis-à-vis Tehran, and after Fed Governor Christopher Waller said he sees a rate cut in July, adding that the inflation hit from tariffs is likely to be short-lived. The Rock and The Hard Place Wednesday's Fed interest rate decision brought no surprises, as the central bank kept rates unchanged, noting that uncertainty 'has diminished but remains elevated.' Fed Chair Jerome Powell noted that 'the economy is in a solid position,' and the Fed is well-positioned to provide a timely response to any economic developments. The Fed's 'Dot Plot' also remained unchanged, as policymakers still expect two rate cuts this year. However, expectations for inflation and unemployment by the end of 2025 both rose, while projections for GDP growth declined, underscoring the Fed's difficulties in establishing monetary policy amid contrasting economic crosscurrents and elevated geopolitical risks. Meanwhile, economic data appear to be confirming the Fed's view of a gradually softening economy. Retail sales fell for a second straight month in May, declining by the most so far in 2025 and marking the first back-to-back monthly decline since the end of 2023. Industrial production declined again, and the NAHB homebuilder confidence index slumped to its lowest since the end of 2022 – while new home construction dropped to the lowest level since 2020. This and other data, coupled with the Fed's updated economic projections, might keep 'stagflation' in the headlines. Sunday's news that the U.S. had struck Iran's nuclear facilities set the stage for a further rise in oil prices, adding short-term inflationary pressures and weighing on investor risk appetite. Markets remain wedged between escalating global risk and weakening fundamentals – with Fed policy constrained, volatility high, and few near-term catalysts to shift sentiment decisively. Stocks That Made the News ▣ Chip equipment makers Lam Research (LRCX), KLA Corp (KLAC), and Applied Materials (AMAT) – along with chipmakers including Nvidia (NVDA), Broadcom (AVGO), and TSMC (TSM) – slumped on the report that the Commerce Department is mulling plans to make it more difficult for U.S. semiconductor equipment to be shipped to Chinese fabs. ▣ Accenture (ACN) shares tumbled by more than 9% on the week after it reported weaker-than-expected bookings for its fiscal third quarter. Although the professional services giant beat on sales and profits, which were boosted by demand related to AI services, the earnings call reflected hesitancy regarding the near-term outlook due to the uncertain global economic backdrop. ▣ Kroger (KR) shares surged by nearly 9% on better-than-expected profit and identical sales growth in fiscal Q1. The operator of the largest chain of traditional grocery stores in the U.S. boosted its full-year identical sales growth forecast and maintained its other guidance. ▣ Coinbase Global (COIN) was by far the best S&P 500 performer last week, clocking in over 20% gain. The shares of the largest U.S. cryptocurrency exchange operator soared after the Senate passed the GENIUS Act, providing a regulatory framework for companies issuing stablecoins and introducing guardrails to prevent the collapse of the digital assets. The Q1 2025 earnings season is over, but several notable earnings releases are still scheduled for the next few days. These include Carnival (CCL), FedEx (FDX), TD SYNNEX (SNX), Micron (MU), General Mills (GIS), Paychex (PAYX), and Nike (NKE).
Yahoo
an hour ago
- Yahoo
Robotaxis, Powell and Other Key Things to Watch this Week
Markets enter the final week of June facing a complex landscape of geopolitical uncertainties, critical economic data, and a potential technological milestone. Following benchmark Brent crude oil prices jumping 7% to over $74 a barrel after Israel launched unprecedented airstrikes on Iran, investors continue to assess the ongoing Middle East conflict's impact on energy markets and broader economic conditions. Meanwhile, Tesla's long-awaited robotaxi service launch tentatively scheduled for June 22 faces regulatory challenges as Texas lawmakers push for the launch to be delayed until September when updated autonomous vehicle laws take effect. The S&P 500 ($SPX) (SPY) confronts a data-heavy week featuring Fed Chair Powell's dual speaking engagements, critical inflation readings, and earnings from major industrial bellwethers. Here are 5 things to watch this week in the Market. Make Over a 2.4% One-Month Yield Shorting Nvidia Out-of-the-Money Puts Is Quantum Computing (QUBT) Stock a Buy on This Bold Technological Breakthrough? Is AMD Stock a Buy, Sell, or Hold on Untether AI Acquisition? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Tesla Robotaxi Revolution or Regulatory Roadblock Tesla's planned robotaxi launch in Austin this weekend faces mounting scrutiny, creating a pivotal moment for the autonomous vehicle industry and Tesla's (TSLA) stock price. The launch comes despite lawmakers' letter pushing for delays until September when updated autonomous vehicle legislation takes effect, highlighting the regulatory challenges facing widespread adoption of self-driving technology. Tesla robotaxi sightings have become increasingly common on Austin's public roads ahead of the planned launch, suggesting the company remains committed to its timeline despite political pressure. The success or failure of this launch could significantly impact not only Tesla's valuation but also broader market sentiment toward autonomous driving technology and artificial intelligence applications. Competitors in the autonomous vehicle space, traditional automakers investing in self-driving technology, and companies developing supporting infrastructure could see notable volatility based on Tesla's performance. Powell's Dual Commentary Fed Chair Jerome Powell's scheduled speeches on Tuesday at 10am and Wednesday at 10am create back-to-back opportunities for market-moving commentary on monetary policy and economic assessment. Following last week's Fed decision that maintained current rates amid Middle East tensions, Powell's remarks will be closely analyzed for insights into how geopolitical developments might influence future policy considerations. The Tuesday speech coincides exactly with the Consumer Confidence report release, creating potential for amplified market reactions if Powell's commentary aligns with or contradicts household sentiment data. Wednesday's remarks come alongside new home sales data, providing context for the Fed's view on housing market conditions and their broader economic implications. With energy prices remaining elevated due to Middle East tensions and key inflation data arriving Friday, Powell's assessment of price stability risks could significantly influence rate-sensitive sectors including technology, utilities, and financials. Any evolution in the Fed's thinking about the balance between geopolitical risks and domestic economic conditions could trigger substantial sector rotation. Economic Growth and Consumer Health This week delivers a comprehensive assessment of economic momentum through multiple critical indicators spanning business activity, consumer sentiment, and growth measurements. Monday's Manufacturing and Services PMI readings at 9:45am will provide timely insights into business conditions across major economic sectors, particularly important given ongoing geopolitical uncertainties. Tuesday's Consumer Confidence report at 10am will reveal how recent Middle East tensions and market volatility are affecting household sentiment and spending intentions. Thursday brings the first quarter GDP revision at 8:30am alongside May durable goods orders, offering perspective on both historical growth performance and current business investment trends. The convergence of these indicators creates potential for significant market movements if data points collectively suggest strengthening or weakening economic conditions. Consumer discretionary companies and cyclical sectors could experience heightened volatility based on confidence readings, while industrial and manufacturing firms may react strongly to business activity and investment data. Housing Market Reality Check Monday and Wednesday bring back-to-back housing market assessments with existing home sales at 10am followed by new home sales at 10am on Wednesday. These reports will provide crucial insights into residential real estate activity amid elevated mortgage rates and ongoing economic uncertainties. The existing home sales data reflects completed transactions from recent weeks, offering perspective on buyer behavior during the period of escalating Middle East tensions. Wednesday's new home sales figures will gauge demand for newly constructed properties, particularly important for assessing builder confidence and future construction activity. Housing sector companies, mortgage lenders, and home improvement retailers could see notable reactions based on these results. The timing of Powell's Wednesday speech alongside new home sales creates potential for Federal Reserve commentary to either reinforce or contradict housing market signals. With housing traditionally serving as a leading economic indicator, these reports take on added significance for broader market sentiment regarding economic resilience and consumer financial health. Inflation Crescendo and Corporate Earnings Friday's Core PCE Price Index at 8:30am represents the week's most consequential economic release, providing the Federal Reserve's preferred inflation measure amid ongoing energy price volatility from Middle East tensions. Both month-over-month and year-over-year readings will be scrutinized for evidence of price pressure moderation or acceleration, particularly important given recent oil price surges. The week's earnings calendar features three major industrial companies: FedEx (FDX) reporting Tuesday, Micron Technology (MU) on Wednesday, and Nike (NKE) on Thursday. These reports will provide diverse perspectives on global logistics, semiconductor demand, and consumer spending patterns respectively. Management commentary on supply chain conditions, pricing power, and international operations will be particularly relevant given ongoing geopolitical developments. The combination of critical inflation data and earnings from major multinational corporations creates potential for significant market reactions if results suggest changing business conditions or cost pressures affecting corporate profitability. Best of luck this week and don't forget to check out my daily options article. On the date of publication, Gavin McMaster did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
